• Money meltdown

    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)

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