US Banks failed closed down in 2008

So you believed that the banks which are making money by being in the business of money are the safest bet in the stock markets for investments? Think again. In just first 8 months of 2008, there are as many as 11 banks which have closed down. Below we provide a consolidated list of US based banks which closed down or failed, due to the credit crisis or other factors. The latest 2 to add to the list of these existing 11 closed banks are Wall Street biggest investment banks: Lehman Brothers filed for Bankruptcy & Merrill Lynch which is sold out to Bank of America .


Below is the list of US Banks which closed down in 2008:

Silver State Bank
Henderson, Nev.

Closed: Sept. 5, 2008
Assets: $2.0 billion
Cost to FDIC: $450 - $550 million


Integrity Bank
Alpharetta, Ga.

Closed: Aug. 29, 2008
Assets: $1.1 billion
Cost: $250 - $350 million

The Columbian Bank and Trust
Topeka, Kan.

Closed: Aug. 22, 2008
Assets: $752 million
Cost: $60 million

First Priority Bank
Bradenton, Fla.

Closed: Aug. 1, 2008
Assets: $259 million
Cost: $72 million

First Heritage Bank & First National Bank of Nevada
Closed: July 25, 2008
Costs: $862 million

First Heritage Bank
Newport Beach, California
Assets: $254 million

First National Bank of Nevada
Reno, Nev.
Assets: $3.4 billion

The costs of the two banks were combined since both are units of First National Bank Holding.

First Integrity Bank
Staples, Minn.
Closed: May 30, 2008
Assets: $54.7 million
Cost: $2.3 million

ANB Financial
Bentonville, Ark.

Closed: May 9, 2008
Assets: $2.1 billion
Cost: $214 million


Hume Bank
Hume, Mo.

Closed: March 7, 2008
Assets: $18.7 million
Cost: Not Available


Douglass National Bank
Kansas City, Mo.

Closed: Jan. 25, 2008
Assets: $58.5 million
Cost: $5.6 million