Failed Bank List

4 failed banks ยท 2008 to 2012

Failed banks taken over by U.S. Bank, N.A.

U.S. Bank, N.A. of Cincinnati, Ohio took over four failed banks between 2008 and 2012, the 17th-highest count among the 318 acquirers of that period. Together they reported $17.2 billion in assets and $12.7 billion in deposits at closing. The largest was Downey Savings and Loan Association, F.A., at $12.8 billion. The banks were spread over three states, most in California (2). Two of the deals came in 2008. The most recent was BankEast of Knoxville, on January 27, 2012. The FDIC's estimated loss on these failures totals $593 million, a median of 15% of each bank's assets.

Failed banks taken over by U.S. Bank, N.A., by closing date200020052010201520202025Downey Savings and Loan Association, F.A., 2008-11-21PFF Bank & Trust, 2008-11-21First Bank of Idaho, 2009-04-24BankEast, 2012-01-27
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
November 21, 2008Downey Savings and Loan Association, F.A.Newport Beach, CA$12.8 billion$151 million
November 21, 2008PFF Bank & TrustPomona, CA$3.7 billion$259 million
April 24, 2009First Bank of IdahoKetchum, ID$491 million$109 million
January 27, 2012BankEastKnoxville, TN$262 million$74.1 million

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.