Finder makes money from featured partners, but editorial opinions are our own. Advertiser disclosure

List of bank failures: 2000 to 2024

2023 saw 5 failed banks but what does 2024 hold? A comprehensive list of every bank collapse since 2000.

It has been a wild 12 moths for bank failures. The beginning of 2023 saw Silicon Valley, Signature, First Republic go under, wit Heartland Tri-State Bank and Citizen Bank collapse with assets totaling $549 billion. To put that in context, during the financial crisis in 2008, the collapse of 25 banks only added up to $373 billion (in 2008 dollars).

Bank failures in the US at a glance

  1. Number bank failures in 2024: 1 (Republic First Bank) at $6B.(1)
  2. Largest bank failure in last decade: First Republic Bank at $229B (2023).(1)
  3. Largest bank failure since 2000: Washington Mutual Bank $307B, 2008.(1)
  4. Worst year for bank failures since 2000 ($): 2023, with assets totaling $549 billion.(1)
  5. Worst decade for banking failures ($): The 2000s, with $553 billion in assets lost. (1)
  6. Year with the most bank failures: 2010 with 157.(1)
  7. Decade with the most bank failures: 2010s with 367.(1)

Year with the most costly bank failures: 2000-2024

In 2023, the Federal Deposit Insurance Commission (FDIC) stepped in to take over five banks with a combined $549 billion in total assets — the largest year on record since 2000. 2023 is followed by 2008 ($373B), 2009 ($170B), 2011 ($147B) and 2010 ($92B).

Adjusting for inflation

Even factoring in inflation, 2023 was the worst year for bank collapses since 2000, beating out 2008’s adjusted $510 billion.

Year with the most bank failures: 2000-2024

However, 2023 did all this damage with just four banks going under. Comparatively, 2008 saw eight banks collapse, and 2010 saw 157 banks go under — the highest number of bank failures since 2000.

Average value of a collapsing bank

Looking at how bad these bank collapses were on average, the average bank going under in 2023 held $110B billion in assets, compared to the next most of $15 billion in 2008.

Cost of bank failures: by decade

With 2023 being the worst year on record, it makes sense that the 2020s are the worst decade on record with banks going under with $556B in total assets beating out the 2000s and the Great Financial Crisis (GFC) where banks collapsed with $553 billion in assets.

However, if we adjust for inflation, the 2000s saw the equivalent of $749 billion wiped out by bank collapses.

Number of failed banks: by decade

While the 2000s may have been the decade with the most assets wiped out in bank collapses, the 2010s actually saw the most collapses at 367, almost twice as much as the 2000s and about 37 times the number of banks that have collapsed since the start to this decade (10).

Bank failures 2024

April saw its first collapse with Philadelphia-based Republic First Bank (doing business as Republic Bank) being shuttered with $6 billion in assets.

Failed bank list

Below is a complete list of all bank failures since 2000.

Image: Getty
Holly Jennings's headshot
To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
Richard Laycock's headshot
Senior editorial manager

Richard Laycock is Finder’s NYC-based senior content marketing manager & insights editor, spending the last decade data diving, writing and editing articles about all things personal finance. His musings can be found across the web including on NASDAQ, MoneyMag, Yahoo Finance and Travel Weekly. Richard studied Media at Macquarie University, including a semester abroad at The Missouri School of Journalism (MIZZOU). See full bio

More guides on Finder

Ask a Question

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site