The federal government took control of Pasadena-based IndyMac Bank on Friday in what regulators called the second-largest bank failure in U.S. history.
According to Reuters, this is a list of banks that have failed so far in 2008:
July 11 - IndyMac Bancorp taken over by U.S. regulators. Total assets of $32.01 billion and total deposits of $19.06 billion as of March 31. Estimated cost to FDIC insurance fund between $4 billion and $8 billion.
May 30 - First Integrity Bank closed by regulators. First International Bank and Trust takes over all of the Minnesota-based bank's deposits. First Integrity held $54.7 million in assets and $50.3 million in total deposits.
May 9 - ANB Financial NA closed by U.S. regulators. Pulaski Bank and Trust Co takes over the insured deposits. ANB Financial had about $2.1 billion in assets and $1.8 billion in total deposits.
March 7 - Hume Bank closed by U.S. regulators. Security Bank takes over insured deposits. Hume had total assets of $18.7 million and total deposits of $13.6 million.
Jan. 25 - Douglass National Bank closed by regulators. Liberty Bank and Trust Co takes over all deposits. Douglass had $58.5 million in total assets and $53.8 million in total deposits. (Reporting by Rachelle Younglai; Editing by Tim Dobbyn)
Stay tuned for more.
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