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Bank Failures

Biggest US Bank Failures by Assets: All Time

The 100 largest US bank failures ranked by total assets at the time of closing. Sourced from the FDIC's failed-bank list.

# Bank Closing Date HQ Assets DIF Loss Acquirer or resolution
1 Washington Mutual Bank Sep 25, 2008 Henderson, NV $307.02B Not published JPMorgan Chase Bank, N.A.
2 First Republic Bank May 1, 2023 San Francisco, CA $212.64B $15.50B JPMorgan Chase Bank, N.A.
3 Silicon Valley Bank Mar 10, 2023 Santa Clara, CA $209.03B $18.74B First-Citizens Bank & Trust Company
4 Signature Bank Mar 12, 2023 New York, NY $110.36B Not published Flagstar Bank, N.A.
5 Indymac Bank F.S.B Jul 11, 2008 Pasadena, CA $30.70B $11.98B Onewest Bank, FSB
6 Colonial Bank Aug 14, 2009 Montgomery, AL $25.46B $2.37B BB&T
7 First Republicbank-Dallas, N.A. Jul 29, 1988 Dallas, TX $17.09B $2.02B NCNB Texas National Bank
8 Guaranty Bank Aug 21, 2009 Austin, TX $13.46B Not published Compass Bank
9 Bank of New England, National Assoc Jan 6, 1991 Boston, MA $13.43B $572.6M New Bank of New England, N.A.
10 Gibraltar Savings, F.A. Mar 31, 1989 Simi Valley, CA $13.38B $94.6M Security Pacific NB, N.A.
11 BankUnited, FSB May 21, 2009 Coral Gables, FL $13.11B $5.23B BankUnited
12 Downey Savings and Loan Association, F.A. Nov 21, 2008 Newport Beach, CA $12.78B $151.2M U.S. Bank, N.A.
13 Homefed Bank, F.A. Jul 6, 1992 San Diego, CA $12.18B $751.6M Branch sale
14 Amtrust Bank Dec 4, 2009 Cleveland, OH $11.44B $1.69B New York Community Bank
15 Southeast Bank, N.A. Sep 19, 1991 Miami, FL $11.03B $0 First Union National Bank O
16 United Commercial Bank Nov 6, 2009 San Francisco, CA $10.90B $572.2M East West Bank
17 Westernbank Puerto Rico Apr 30, 2010 Mayaguez, PR $10.80B $2.17B Banco Popular de Puerto Rico
18 Goldome May 31, 1991 Buffalo, NY $9.89B $779.4M Key Bank of Western New Yor
19 City Savings, FSB Dec 8, 1989 Somerset, NJ $9.81B $1.57B Branch sale
20 Imperial Federal Savings Assoc. Feb 23, 1990 San Diego, CA $9.58B $203.1M Branch sale
21 Great American FSA Aug 9, 1991 San Diego, CA $9.52B $995.5M Branch sale
22 Franklin FSA Feb 16, 1990 Ottawa, KS $9.26B $38.2M Branch sale
23 Centrust Bank, SB Feb 2, 1990 Miami, FL $8.22B $672.2M Great Western Bank, FSB
24 Empire of America FSB Jan 24, 1990 Buffalo, NY $8.17B $1.24B Branch sale
25 California National Bank Oct 30, 2009 Los Angeles, CA $7.78B $182.0M U.S. Bank, N.A.
26 Crossland Savings Bank, FSB Jan 24, 1992 Brooklyn, NY $7.43B $753.4M Public stock sale
27 The Connecticut Bank & Trust Co Jan 6, 1991 Hartford, CT $7.21B $151.1M New Connecticut Bank & Trus
28 Corus Bank, N.A. Sep 11, 2009 Chicago, IL $7.00B Not published MB Financial, N.A.
29 Mbank Dallas, N.A. Mar 28, 1989 Dallas, TX $6.56B $1.61B Bank One, Texas, N.A.
30 Merabank FSB Jan 31, 1990 Phoenix, AZ $6.32B $671.5M Branch sale
31 First Federal Bank of California, a Federal Savings Bank Dec 18, 2009 Santa Monica, CA $6.14B Not published Onewest Bank, FSB
32 Sunbelt Savings Apr 26, 1991 Irving, TX $6.04B $3K Bank of America
33 Doral Bank Feb 27, 2015 San Juan, PR $5.90B $689.4M Banco Popular de Puerto Rico
34 Republic Bank Apr 26, 2024 Philadelphia, PA $5.87B $709.6M Fulton Bank, N.A.
35 R-G Premier Bank of Puerto Rico Apr 30, 2010 Hato Rey, PR $5.68B $978.1M Scotiabank De Puerto Rico
36 Western Savings & Loan Jun 14, 1989 Phoenix, AZ $5.65B $2.08B Bank of America, Az
37 Columbia Savings & Loan ASSN. Jan 25, 1991 Beverly Hills, CA $5.36B $206.3M Branch sale
38 Southwest Savings Association May 18, 1990 Dallas, TX $5.33B $390.5M Branch sale
39 Atlantic Financial Savings Jan 11, 1990 Bala Cynwyd, PA $5.30B $947.0M Branch sale
40 Franklin Bank, SSB Nov 7, 2008 Houston, TX $5.09B $614.1M Prosperity Bank
41 Lincoln Savings & Loan Apr 14, 1989 Irvine, CA $4.86B $3.14B Great Western Bank, FSB
42 Carteret FSB Dec 4, 1992 Madison, NJ $4.83B $24.0M Branch sale
43 Park National Bank Oct 30, 2009 Chicago, IL $4.68B $2.8M U.S. Bank, N.A.
44 The Ben Franklin FS & La Feb 21, 1990 Portland, OR $4.62B $133K Bank of America, FSB
45 University Federal Savings Feb 14, 1989 Houston, TX $4.48B $2.18B NCNB Texas National Bank
46 Bright Banc Feb 10, 1989 Dallas, TX $4.39B $1.31B Banc One FSB
47 Santa Barbara S & L Assoc. Apr 27, 1990 Santa Barbara, CA $4.29B $55K Bank of America Ntsa
48 Silverton Bank, N.A. May 1, 2009 Atlanta, GA $4.16B $638.9M —
49 Meritor Savings Bank Dec 11, 1992 Philadelphia, PA $4.13B $360 Mellon Bank National Ass
50 Florida Federal Savings Bank Nov 9, 1990 St. Petersburg, FL $4.12B $393.6M First Union Corp.

Source: FDIC Failed Banks list. Asset values reflect total assets as reported in the most recent regulatory filing prior to closing. FDIC open-bank assistance transactions, in which the bank stayed open, are not failures and are not ranked here; they are listed under open-bank assistance.

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