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List Of Largest U.S. Bank Failures
This is a list of the largest U.S. bank failures with respect to total assets under management at the time of the bank failure (banks with $1.0 billion or more in assets are listed here). Assets of the banks listed here are figures provided by the Federal Deposit Insurance Corporation. Table See also * Causes of the Great Depression * Financial crisis of 2007–2008 * List of banks acquired or bankrupted in the United States during the financial crisis of 2007–2008 * List of bank failures in the United States (2008–present) * Savings and loan crisis (which resulted in many bank failures) * Too big to fail External links Top 10 provided by Getlisty.com, which used the FDIC as its primary source; dated September 29, 2008.BusinessPundit.com lists the top 25 largest bank failures, but it includes non-U.S. banks; it is dated May 7, 2009.ABC News reported the largest U.S. bank failure of 2009, so far--as of September 2009* ttps://www.reuters.com/article/newsOne/idUSTRE5A6 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial Bank (United States)
Colonial Bank, formerly a subsidiary of Colonial BancGroup, was headquartered in Montgomery, Alabama. Colonial Bank had 346 branches in the states of Alabama, Georgia, Florida, Nevada and Texas. Colonial's assets had grown from $166 million in 1981 to $26 billion. Colonial expanded from its base of Alabama to fast-growing regional markets such as Florida, Georgia, Texas, and Nevada. Colonial Bank was the fifth-largest commercial bank in Florida and 27th-largest commercial bank in the USA. Colonial Bank was frequently the target of rumors that it would be acquired by a larger bank. History Foundation and expansion Colonial Bank was established in 1981 as part of Colonial BancGroup's relocation to Montgomery from Mobile. The Montgomery bank was formed from the Exchange National Bank of Montgomery, which—like the other banks owned by Colonial—was owned by Robert E. Lowder. Colonial became an aggressive buyer of other Alabama banks in the 1980s; by 1985, with its merger with th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austin, Texas
Austin is the capital city of the U.S. state of Texas, as well as the county seat, seat and largest city of Travis County, Texas, Travis County, with portions extending into Hays County, Texas, Hays and Williamson County, Texas, Williamson counties. Incorporated on December 27, 1839, it is the List of United States cities by population, 11th-most-populous city in the United States, the List of cities in Texas by population, fourth-most-populous city in Texas, the List of capitals in the United States, second-most-populous state capital city, and the most populous state capital that is not also the most populous city in its state. It has been one of the fastest growing large cities in the United States since 2010. Downtown Austin and Downtown San Antonio are approximately apart, and both fall along the Interstate 35 corridor. Some observers believe that the two regions may some day form a new "metroplex" similar to Dallas–Fort Worth metroplex, Dallas and Fort Worth. Austin i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guaranty Bank (Texas)
Guaranty Bank was a major bank based in Austin, which collapsed in 2009. It was formed in 1988 as part of Temple-Inland and in 2007 became a standalone company. At the time of its collapse, Guaranty was the second largest bank in Texas, with 162 branches across Texas and California, and had $13 billion in assets and held $12 billion in deposits. Major shareholders included billionaire investor Carl Icahn and hotel tycoon Robert Rowling, who jointly invested $600 million in the bank in 2008. History Guaranty Bank's origins date to 1938, when a charter was issued to the Guaranty Building and Loan in Galveston, Texas which operated as the Guaranty Federal Savings and Loan Association. In 1988, Temple-Inland formed Guaranty by acquiring three financial institutions: Guaranty Federal Savings and Loan Association, Delta Savings Association and First Federal Savings and Loan. It expanded from Texas into California in the 1990s, acquiring Stockton Savings Bank and Hemet Federal Savings & ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Houston
Houston (; ) is the most populous city in Texas, the most populous city in the Southern United States, the fourth-most populous city in the United States, and the sixth-most populous city in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat and largest city of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States and the second-most populous in Texas after Dallas–Fort Worth. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle. Comprising a land area of , Houston is the ninth-most expansive city in the United States (including consolidated city-counties). It is the largest city in the United States by total area whose government is not consolidated with a county, parish, or borough. Though primarily in Harris County, small portions of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Simi Valley, California
Simi Valley (; Chumash: ''Shimiyi'') is a city in the valley of the same name in the southeast region of Ventura County, California, United States. Simi Valley is from Downtown Los Angeles, making it part of the Greater Los Angeles Area. The city sits next to Thousand Oaks, Moorpark, and Chatsworth. As of the 2020 U.S. Census the population was 126,356, up from 124,243 in 2010. The city of Simi Valley is surrounded by the Santa Susana Mountains and the Simi Hills, west of the San Fernando Valley, and northeast of the Conejo Valley. It grew as a commuter bedroom community for the cities in the Los Angeles area, and the San Fernando Valley when a freeway was built over the Santa Susana Pass. The Ronald Reagan Presidential Library, where the former president was buried in 2004, is in Simi Valley. The Reagan Library has hosted Republican primary debates in 2012 and 2016. History Chumash/pre-colonial period Simi Valley was once inhabited by the Chumash people, who also s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gibraltar Savings And Loan
Gibraltar Savings and Loan Association was an American bank operating in California, Washington (U.S. state), Washington, and Florida. It was organized as a savings and loan and failed in 1989. Overview Its headquarters building at 9111 Wilshire Boulevard in Beverly Hills, was built in 1958, designed by William Pereira. U.S. federal regulators seized assets of the bank in 1989.Security Pacific Wins Gibraltar Savings Bid by Richard W. Stevenson, ''The New York Times'', Thursday, June 28, 1990 Its assets included $13.4 billion and the Los Angeles Equestrian Center, later transferred to Del Ray, a Burbank, California, Burbank-based development firm.Horrace A. Laffaye, ''Polo in the United States: A History'', MacFarland & Company, 2011, p. 230< ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oak Park, Illinois
Oak Park is a village in Cook County, Illinois, adjacent to Chicago. It is the 29th-most populous municipality in Illinois with a population of 54,583 as of the 2020 U.S. Census estimate. Oak Park was first settled in 1835 and later incorporated in 1902, when it separated from Cicero, Illinois, Cicero. Architect Frank Lloyd Wright and his wife settled in Oak Park in 1889, and his work heavily influenced local architecture and design, including the Frank Lloyd Wright Home and Studio. Over the years, rapid development was spurred by railroads and street cars connecting the village to jobs in nearby Chicago. In 1968, Oak Park passed the Open Housing Ordinance, which helped devise strategies to integrate the village rather than resegregate. Today, Oak Park remains ethnically diverse, and is known for its socially liberal politics, with 80% or higher voter turnout in every United States presidential election, presidential election since 2000. Oak Park is closely connected to Chicago with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FBOP Corporation
FBOP Corporation was a financial services company based in Oak Park, Illinois, United States. As of mid-2009, it had $18.5 billion in assets and was the 46th largest bank holding company in the United States. On October 30, 2009, FBOP's banking subsidiaries were closed by their chartering agencies and the Federal Deposit Insurance Corporation was appointed as their receiver. The company had over 4064 employees. The holding company began as First Bank of Oak Park. FBOP started acquiring other banks in 1990. In 2006, First Bank of Oak Park merged with four other co-owned banks in Illinois to create Park National Bank. FBOP operated banks in Illinois, California, Texas, and Arizona, prior to their closure. U.S. Bancorp acquired all nine of FBOP's nine banks on the day of closure, but later sold the three Texas-based banks to Prosperity Bancshares. Key people * Chairman: Michael E. Kelly * President: Robert M. Heskett * SVP and CFO: Michael Dunning Former subsidiaries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts
Massachusetts (Massachusett language, Massachusett: ''Muhsachuweesut [Massachusett writing systems, məhswatʃəwiːsət],'' English: , ), officially the Commonwealth of Massachusetts, is the most populous U.S. state, state in the New England region of the Northeastern United States. It borders on the Atlantic Ocean and Gulf of Maine to the east, Connecticut and Rhode Island to the south, New Hampshire and Vermont to the north, and New York (state), New York to the west. The state's capital and List of municipalities in Massachusetts, most populous city, as well as its cultural and financial center, is Boston. Massachusetts is also home to the urban area, urban core of Greater Boston, the largest metropolitan area in New England and a region profoundly influential upon American History of the United States, history, academia, and the Economy of the United States, research economy. Originally dependent on agriculture, fishing, and trade. Massachusetts was transformed into a manuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- most populous city in the country. The city boundaries encompass an area of about and a population of 675,647 as of 2020. It is the seat of Suffolk County (although the county government was disbanded on July 1, 1999). The city is the economic and cultural anchor of a substantially larger metropolitan area known as Greater Boston, a metropolitan statistical area (MSA) home to a census-estimated 4.8 million people in 2016 and ranking as the tenth-largest MSA in the country. A broader combined statistical area (CSA), generally corresponding to the commuting area and including Providence, Rhode Island, is home to approximately 8.2 million people, making it the sixth most populous in the United States. Boston is one of the oldest ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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