List Of Banks Acquired Or Bankrupted In The United States During The 2007–2008 Financial Crisis
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List Of Banks Acquired Or Bankrupted In The United States During The 2007–2008 Financial Crisis
This is a list of banks in the United States affected by the 2007–2008 financial crisis. The list includes banks (including commercial banks, investment banks, and savings and loan associations) that have: * been taken over or merged with another financial institution, * been declared insolvent or liquidated, or * filed for bankruptcy. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012. Banks The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America. IndyMac Bank was also a large bank that was changed into a bridge bank by the FDIC, after its failure, until the funds can be disposed of. In addition, the investment bank Lehman Brothers file ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Solvency
Solvency, in finance or business, is the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. Solvency can also be described as the ability of a corporation to meet its long-term fixed expenses and to accomplish long-term expansion and growth. This is best measured using the net liquid balance (NLB) formula. In this formula, solvency is calculated by adding cash and cash equivalents to short-term investments, then subtracting notes payable. There exist cryptographic schemes for both proofs of liabilities and assets, especially in the blockchain space. See also *Accounting liquidity *Debt ratio *Going concern *Insolvency *Quick ratio In finance, the quick ratio, also known as the acid-test ratio is a type of liquidity ratio, which measures the ability of a company to use its ''near cash'' or quick assets to extinguish or retire its current liabilities immediately. It is defi ... Notes References * * * * ...
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Hume, Missouri
Hume is a city in Bates County, Missouri, and is part of the Kansas City metropolitan area within the United States. The population was 336 at the 2010 census. Geography Hume is located at (38.090514, -94.584325). According to the United States Census Bureau, the city has a total area of , of which is land and is water. Demographics 2010 census As of the census of 2010, there were 336 people, 122 households, and 89 families residing in the city. The population density was . There were 141 housing units at an average density of . The racial makeup of the city was 95.8% White, 0.3% African American, 0.9% Asian, 0.6% from other races, and 2.4% from two or more races. Hispanic or Latino of any race were 4.5% of the population. There were 122 households, of which 41.0% had children under the age of 18 living with them, 59.8% were married couples living together, 9.0% had a female householder with no husband present, 4.1% had a male householder with no wife present, and 27.0% ...
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New Orleans, Louisiana
New Orleans ( , ,New Orleans
Merriam-Webster.
; french: La Nouvelle-Orléans , es, Nueva Orleans) is a Consolidated city-county, consolidated city-parish located along the Mississippi River in the southeastern region of the U.S. state of Louisiana. With a population of 383,997 according to the 2020 U.S. census, it is the List of municipalities in Louisiana, most populous city in Louisiana and the twelfth-most populous city in the southeastern United States. Serving as a List of ports in the United States, major port, New Orleans is considered an economic and commercial hub for the broader Gulf Coast of the United States, Gulf Coast region of the United States. New Orleans is world-renowned for its Music of New Orleans, distinctive music, Louisiana Creole cuisine, Creole cuisine, New Orleans English, uniq ...
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Kansas City, Missouri
Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the central city of the Kansas City metropolitan area, which straddles the Missouri–Kansas state line and has a population of 2,392,035. Most of the city lies within Jackson County, with portions spilling into Clay, Cass, and Platte counties. Kansas City was founded in the 1830s as a port on the Missouri River at its confluence with the Kansas River coming in from the west. On June 1, 1850, the town of Kansas was incorporated; shortly after came the establishment of the Kansas Territory. Confusion between the two ensued, and the name Kansas City was assigned to distinguish them soon after. Sitting on Missouri's western boundary with Kansas, with Downtown near the confluence of the Kansas and Missouri Rivers, the city encompasses about , making ...
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Sandusky, Ohio
Sandusky ( ) is a city in and the county seat of Erie County, Ohio, Erie County, Ohio, United States. Situated along the shores of Lake Erie in the northern part of the state, Sandusky is located roughly midway between Toledo, Ohio, Toledo ( west) and Cleveland ( east). According to United States Census 2020, 2020 census, the city had a population of 25,095, and the Sandusky metropolitan area, Sandusky micropolitan area had 75,622 residents. Sandusky is home to the Cedar Fair Entertainment Company, which owns large amounts of property in Sandusky. These properties include Cedar Point, Cedar Fair's flagship park and one of the most popular amusement parks in the world, as well as Cedar Point Shores, adjacent to Cedar Point itself. In 2011, Sandusky was ranked No. 1 by ''Forbes'' as the "Best Place to Live Cheaply" in the United States due to its high median family income of $64,000 compared to its relatively low cost of living. The National Arbor Day Foundation has designated Sand ...
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Lakeview, Ohio
Lakeview is a village in Logan County, Ohio, United States. The population was 1,072 at the 2010 census. A branch of the Logan County District Library serves the Lakeview community. Geography Lakeview is located at (40.485725, -83.922606). According to the United States Census Bureau, the village has a total area of , of which, is land and is water. Lakeview takes its name from Indian Lake, a mostly artificial lake nearby. Part of the village's perimeter is bounded by the lakeshore. Local low-power WRPO-FM in neighboring Russells Point serves as its local community radio station. Demographics 2010 census As of the census of 2010, there were 1,072 people, 446 households, and 272 families living in the village. The population density was . There were 576 housing units at an average density of . The racial makeup of the village was 97.2% White, 0.7% African American, 0.3% Native American, 0.1% Asian, 0.1% Pacific Islander, 0.4% from other races, and 1.2% from two or mo ...
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BBC News
BBC News is an operational business division of the British Broadcasting Corporation (BBC) responsible for the gathering and broadcasting of news and current affairs in the UK and around the world. The department is the world's largest broadcast news organisation and generates about 120 hours of radio and television output each day, as well as online news coverage. The service maintains 50 foreign news bureaus with more than 250 correspondents around the world. Deborah Turness has been the CEO of news and current affairs since September 2022. In 2019, it was reported in an Ofcom report that the BBC spent £136m on news during the period April 2018 to March 2019. BBC News' domestic, global and online news divisions are housed within the largest live newsroom in Europe, in Broadcasting House in central London. Parliamentary coverage is produced and broadcast from studios in London. Through BBC English Regions, the BBC also has regional centres across England and national news c ...
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Wilmington, Delaware
Wilmington ( Lenape: ''Paxahakink /'' ''Pakehakink)'' is the largest city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish settlement in North America. It lies at the confluence of the Christina River and Brandywine Creek, near where the Christina flows into the Delaware River. It is the county seat of New Castle County and one of the major cities in the Delaware Valley metropolitan area. Wilmington was named by Proprietor Thomas Penn after his friend Spencer Compton, Earl of Wilmington, who was prime minister during the reign of George II of Great Britain. At the 2020 census, the city's population was 70,898. The Wilmington Metropolitan Division, comprising New Castle County, Delaware, Cecil County, Maryland and Salem County, New Jersey, had an estimated 2016 population of 719,887. Wilmington is part of the Delaware Valley metropolitan statistical area, which also includes Philadelphia, Reading, Camden, and other urban are ...
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ING Direct
The ING Group ( nl, ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$1.1 trillion, it is one of the biggest banks in the world, and consistently ranks among the top 30 largest banks globally. It is among the top ten largest European companies by revenue. ING is the Dutch member of the Inter-Alpha Group of Banks, a co-operative consortium of 11 prominent European banks. Since the creation in 2012, is a member in the list of global systemically important banks. In 2020, ING had 53.2 million clients in more than 40 countries. The company is a component of the Euro Stoxx 50 stock market index. The long-term debt for the company as of December 2019 is €150 billion. ING is an abbreviation for ' (). The orange lion on ING ...
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Alpharetta, Georgia
Alpharetta is a city in northern Fulton County, Georgia, United States, and is a part of the Atlanta metropolitan area. As of the 2020 US Census, Alpharetta's population was 65,818 The population in 2010 was 57,551. History In the 1830s, the Cherokee people in Georgia and elsewhere in the South were forcibly relocated to the Indian Territory (present-day Oklahoma) under the Indian Removal Act. Pioneers and farmers later settled on the newly vacated land, situated along a former Cherokee trail stretching from the North Georgia mountains to the Chattahoochee River. One of the area's first permanent landmarks was the New Prospect Camp Ground (also known as the Methodist Camp Ground), beside a natural spring near what is now downtown Alpharetta. It later served as a trading post for the exchanging of goods among settlers. Known as the town of Milton through July 1858, the city of Alpharetta was chartered on December 11, 1858, with boundaries extending in a radius from the city ...
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NetBank
NetBank, formerly named Atlanta Internet Bank (1996) and Net.B@nk (1998), was a direct bank. Netbank suffered from bank failure and was closed by regulators on September 28, 2007. It deposits were acquired by ING Group and the Netbank.com domain name was acquired by Axos Financial. History The company was founded in February 1996 as Atlanta Internet Bank, one of the first direct banks in the United States. Using a business model typical of direct banks, NetBank paid higher than average interest rates in exchange for not having physical bank branches. On July 29, 1997, NetBank Inc, completed its initial public offering, raising $42 million. In 1998, the company changed its name to Net.B@nk. In 1999, during the dot-com bubble, NetBank's stock price per share ranged from $3.50 to $83. In March 2001, the bank acquired deposit accounts from CompuBank. In July 2001, the bank acquired Market Street Mortgage. In 2002, the bank acquired Resource Bancshares Mortgage Group. Dougla ...
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