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Bank Failures by the Numbers

In all of 2008, 40 banking institutions failed – 25 banks and 15 credit unions. So far in 2009, 77 institutions have either been closed or taken over by regulators. Largest bank to fail was BankUnited, Coral Gables, FL., $12.8 billion in assets, $13.553 billion. The largest cost to the FDIC insurance fund was the Bank United closing in May with an estimated cost of $4.9 billion. Losses by regional banks on commercial real-estate loans could reach $30 billion by year’s end.”]

Source: https://www.cuinfosecurity.com/bank-failures-by-numbers-a-1658

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