Bank Failure
DEPARTMENT STORES NATIONAL BANK
Closed November 23, 2008 · SIOUX FALLS, SD · FDIC Cert #58180.
- Closing date
- November 23, 2008
- Headquarters
- SIOUX FALLS, SD
- FDIC Certificate
- 58180
- Total assets at closing
- $374,903,000
- Total deposits at closing
- $300,881,000
- Resolution type
- other
Context
On November 23, 2008, regulators closed DEPARTMENT STORES NATIONAL BANK, headquartered in SIOUX FALLS, SD. At closing, the institution held approximately $374,903,000 in assets and $300,881,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2008
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2008-12-12 | HAVEN TRUST BANK | DULUTH, GA | $559,551,000 |
| 2008-12-12 | SANDERSON STATE BANK | SANDERSON, TX | $38,217,000 |
| 2008-12-05 | FIRST GEORGIA COMMUNITY BANK | JACKSON, GA | $256,371,000 |
| 2008-11-23 | CITIBANK, NATIONAL ASSOCIATION | LAS VEGAS, NV | $1,207,007,000,000 |
| 2008-11-23 | CITIBANK (SOUTH DAKOTA), N.A. | SIOUX FALLS, SD | $77,737,957,000 |
| 2008-11-23 | CITICORP TRUST BANK, FSB | WILMINGTON, DE | $19,599,414,000 |
| 2008-11-23 | CITIBANK (BANAMEX USA) | CENTURY CITY, CA | $1,322,720,000 |
| 2008-11-21 | DOWNEY SAVINGS AND LOAN ASSOCIATION, F.A. | NEWPORT BEACH, CA | $12,779,371,000 |
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