The 25 Failed Banks Of 2008

You can click through CNBC’s stupid click-inflating slideshow of the 25 failed banks of 2008, or just skim the handy rundown inside. It was a bad year for banks you’ve never heard of.

1. Sanderson State Bank
Sanderson, Texas
Closed: Dec. 12, 2008
Assets: $37 million
Cost to FDIC: $12.5 million

2. Haven Trust Bank
Duluth, Ga.
Closed: Dec. 12, 2008
Assets: $572 million
Cost to FDIC: $200 million

3. First Georgia Community Bank
Jackson, GA.
Closed: Dec. 5, 2008
Assets: $237.5 million
Cost to FDIC: $72.2 million

4. PFF Bank & Trust
Pomona, Calif.
Closed: Nov. 21, 2008
Assets: $3.7 billion
Cost to FDIC: $700 million

5. Downey Savings & Loan
Newport Beach, Calif.
Closed: Nov. 21, 2008
Assets: $12.8 billion
Cost to FDIC: $1.4 billion

6. The Community Bank
Loganville, Ga.
Closed: Nov. 7, 2008
Assets: $681.0 million
Cost to FDIC: $200 – $240 million

7. Security Pacific Bank
Los Angeles, Calif.
Closed: Nov. 7, 2008
Assets: $561.1 million
Cost to FDIC: $210 million

8. Franklin Bank
Houston, Texas
Closed: Nov. 7, 2008
Assets: $5.1 billion
Cost to FDIC: $1.4 – $1.6 billion

9. Freedom Bank
Bradenton, Fla.
Closed: Oct. 31, 2008
Assets: $287 million
Cost to FDIC: $80 – $104 million

10. Alpha Bank & Trust
Alpharetta, Ga.
Closed: Oct. 24, 2008
Assets: $354.1 million
Cost to FDIC: $158.1 million

11. Meridian Bank
Eldred, Ill.
Closed: Oct. 10, 2008
Assets: $39.18 million
Cost: $13 – $14.5 million

12. Main Street Bank
Northville, Mich.
Closed: Oct. 10, 2008
Assets: $98 million
Cost to FDIC: $33 – $39 million

13. Washington Mutual
Henderson, Nev.
Closed: Sept. 25, 2008
Assets: $307 billion
Bought by JPMorgan Chase for $1.9 billion

14. Ameribank
Northfork, W. Va.
Closed: Aug. 29, 2008
Assets: $112.62 million
Cost: $42 million

15. Silver State Bank
Henderson, Nev.
Closed: Sept. 5, 2008
Assets: $2.0 billion
Cost: $450 – $550 million

16. Integrity Bank
Alpharetta, Ga.
Closed: Aug. 29, 2008
Assets: $1.1 billion
Cost: $250 – $350 million

17. The Columbian Bank and Trust
Topeka, Kan.
Closed: Aug. 22, 2008
Assets: $752 million
Cost: $60 million

18. First Priority Bank
Bradenton, Fla.
Closed: Aug. 1, 2008
Assets: $259 million
Cost: $72 million

19. First Heritage Bank & First National Bank of Nevada
Closed: July 25, 2008
Costs: $862 million

First Heritage Bank
Newport Beach, Calif.
Assets: $254 million
Costs were combined because they were owned by the same company

20. First National Bank of Nevada
Reno, Nev.
Assets: $3.4 billion

21. IndyMac Bank
Pasadena, Calif.
Closed: July 11, 2008
Assets: $32.01 billion
Cost: $4 to $8 billion
Seized by Feds when its stock was at 31 cents per share.

22. First Integrity Bank
Staples, Minn.
Closed: May 30, 2008
Assets: $54.7 million
Cost: $2.3 million

23. ANB Financial
Bentonville, Ark.
Closed: May 9, 2008
Assets: $2.1 billion
Cost: $214 million

24. Hume Bank
Hume, Mo.
Closed: March 7, 2008
Assets: $18.7 million
Cost: Not Available

25. Douglass National Bank
Kansas City, Mo.
Closed: Jan. 25, 2008
Assets: $58.5 million
Cost: $5.6 million

Ah, memories.

Failed Banks [CNBC]

(Thanks to harajukboy!) (Photo: knightraven)