4

Not just SVB. There have been 562 bank failures since 2000.

 1 year ago
source link: https://yarn.pranshum.com/banks
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client

Not just SVB. There have been 562 bank failures since 2000.

Not just SVB. There have been 562 bank failures since 2000.

By Pranshu Maheshwari

One way to measure the magnitude of a bank's failure is by the amount of assets the bank held. By that measure, SVB's collapse is the second largest bank failure of all time, and the largest since 2008.

The vast majority of failures since 2000 have been smaller regional banks.

SVB is the second largest bank failure of all time.

Bank failures, by value of assets

Washington Mutual BankWashingtonMutual$307bnSilicon Valley BankSiliconValley$209bnIndyMac BankIndyMac$32bnColonial BankColonial$25bnGuaranty BankGuaranty$13bnBankUnitedUnited$12.8bnDowney Savings and Loan AssociationDowneySavingsand LoanAssociation$12.8bnAmTrust BankAmTrust$12bnWesternbank Puerto RicoWesternbankPuertoRico$11.94bnUnited Commercial BankUnitedCommercial$11.2bnCalifornia National BankCaliforniaNational$7.7922bnCorus BankCorus$7bnFirst Federal Bank of CaliforniaFirstFederal of California$6.1bnR-G Premier Bank of Puerto RicoR-GPremier of PuertoRico$5.92bnDoral BankDoral$5.9bnFranklin BankFranklin$5.1bnFirst NBC BankFirstNBC $4.74bnPark National BankParkNational$4.7061bnSilverton BankSilverton$4.1bnImperial Capital BankImperialCapital$4bnAmcore BankAmcore$3.8bnPFF Bank and TrustPFF and Trust$3.7bnSan Diego National BankSanDiegoNational$3.6081bnLa Jolla BankLaJolla$3.6bnFrontier BankFrontier$3.5bnRiverside National Bank of FloridaRiversideNational of Florida$3.42bnFirst National Bank of NevadaFirstNational of Nevada$3.4bnMidwest Bank and Trust CompanyMidwest and TrustCompany$3.17bnFirst National BankFirstNational$3.1bnSuperior BankSuperior$3bnTierOne BankTierOne$2.8bnOrion BankOrion$2.7bnIrwin Union Bank and Trust CompanyIrwinUnion and TrustCompany$2.7bnEurobankEurobank$2.56bnNetBankNet$2.5bnPacific National BankPacificNational$2.3353bnFirst Community BankFirstCommunity$2.31bnSuperior BankSuperior$2.3bnIntegra Bank National AssociationIntegra NationalAssociation$2.2bnFirst Regional BankFirstRegional$2.18bnShoreBankShore$2.16bnANB FinancialANBFinancial$2.1bnUnited Western BankUnitedWestern$2.05bnGeorgian BankGeorgian$2bnNew Frontier BankNewFrontier$2bnSilver State BankSilverState$2bnVineyard BankVineyard$1.9bnPeoples First Community BankPeoplesFirstCommunity$1.8bnLydian Private BankLydianPrivate$1.7bnCounty BankCounty$1.7bnHillcrest BankHillcrest$1.65bnCF BancorpCFBancorp$1.65bnAdvanta Bank Corp.$1.6bnMutual BankMutual$1.6bnCommunity Bank of NevadaCommunity of Nevada$1.52bnNew South Federal Savings BankNewSouthFederalSavings$1.5bnTemecula Valley BankTemeculaValley$1.5bnFirst Bank of Beverly HillsFirst of BeverlyHills$1.5bnCommunity Banks of ColoradoCommunitys of Colorado$1.38bnHorizon BankHorizon$1.3bnHamilton BankHamilton$1.3bnCommunity Bank and TrustCommunity and Trust$1.21bnBroadway BankBroadway$1.2bnCharter BankCharter$1.2bnSecurity Bank of Bibb CountySecurity of BibbCounty$1.2bnTennessee Commerce BankTennesseeCommerce$1.185bnPremier BankPremier$1.18bnAlliance BankAlliance$1.14bnCity BankCity$1.13bnColumbia River BankColumbiaRiver$1.1bnIntegrity BankIntegrity$1.1bnBank of Choiceof Choice$1.07bnCrescent Bank and Trust CompanyCrescent and TrustCompany$1.01bnAppalachian Community BankAppalachianCommunity$1.01bnGuaranty BankGuaranty$1bnAffinity BankAffinity$1bnSouthern Pacific BankSouthernPacific$1bnBank of the Commonwealthof the Commonwealth$985.1MVenture BankVenture$970MCooperative BankCooperative$970MFounders BankFounders$962.5MFirst Chicago Bank & TrustFirstChicago & Trust$959.3MOmni National BankOmniNational$956MThe National Republic Bank of ChicagoTheNationalRepublic of Chicago$954.4MThe Park Avenue BankTheParkAvenue$953.3MCitizens First National BankCitizensFirstNational$924MFlorida Community BankFloridaCommunity$875.5MThe Buckhead Community BankTheBuckheadCommunity$874MLos Padres BankLosPadres$870.4MFirst National Bank of GeorgiaFirstNational of Georgia$832.6MBarnes Banking CompanyBarnesing Company$827.8MFidelity BankFidelity$818.2M1st Centennial Bank1stCentennial$803.3MNexity BankNexity$793.7MFirsTier BankFirsTier$781.5MSan Joaquin BankSanJoaquin$775MLibertyBankLiberty$768.2MColumbian Bank and TrustColumbian and Trust$752MFirst Banking CenterFirsting Center$750.7MAtlantic Southern BankAtlanticSouthern$741.9MFirst Georgia Banking CompanyFirstGeorgiaing Company$731MCentury BankCentury$728MRainier Pacific BankRainierPacific$717.8MColorado Capital BankColoradoCapital$717.5MPeoples Community BankPeoplesCommunity$705.8MNextBankNext$700MFirst National Bank of the SouthFirstNational of the South$682MCommunity BankCommunity$681MTeamBankTeam$669.8MDarby Bank & Trust Co.$654.7MHome National BankHomeNational$644.5MPeninsula BankPeninsula$644.3MBank of Florida - Southwestof Florida- Southwest$640.9MTamalpais BankTamalpais$628.9MCapitalSouth BankCapitalSouth$617MFirst Commercial Bank of FloridaFirstCommercial of Florida$598.5MBank of Florida - Southeastof Florida- Southeast$595.3MIndependent Bankers' BankIndependenters' Bank$585.5MBeach First National BankBeachFirstNational$585.1MHaven Trust BankHavenTrust$572MSecurity Pacific BankSecurityPacific$561.1MBank of Whitmanof Whitman$548.6MRiverside Bank of the Gulf CoastRiverside of the GulfCoast$539MK BankK$538.3MThe First National Bank of OlatheTheFirstNational of Olathe$538.1MWarren BankWarren$538MStrategic Capital BankStrategicCapital$537MThe First State BankTheFirstState$536.9MSun American BankSunAmerican$535.7MWaccamaw BankWaccamaw$533.1MThe Cowlitz BankTheCowlitz$529.3MWashington First International BankWashingtonFirstInternational$520.9MPark Avenue BankParkAvenue$520.1MSolutionsBankSolutions$511.1MSecurity Savings BankSecuritySavings$508.4MButte Community BankButteCommunity$498.8MDesert Hills BankDesertHills$496.6MPalos Bank and Trust CompanyPalos and TrustCompany$493.4MIrwin Union BankIrwinUnion$493MCape Fear BankCapeFear$492MFirst Bank of IdahoFirst of Idaho$488.9MEvergreen BankEvergreen$488.5MPlantation Federal BankPlantationFederal$486.4MNew Century BankNewCentury$485.6MNOVA BankNOVA$483MInter Savings BankInterSavings$481.6MNevada Security BankNevadaSecurity$480.3MCommunity Central BankCommunityCentral$476.3MFirst State BankFirstState$463MMainstreet BankMainstreet$459MVantus BankVantus$458MValley BankValley$456.4MMirae BankMirae$456MSecurity Bank of Jones CountySecurity of JonesCounty$453MBradford BankBradford$452MThe Bank of MiamiThe of Miami$448.2MThe Peoples BankThePeoples$447.2MBank of Clark Countyof ClarkCounty$446.5MMetro Bank of Dade CountyMetro of DadeCounty$442.3MCommunitySouth Bank and TrustCommunitySouth and Trust$440.6MMountain National BankMountainNational$437.3MWheatland BankWheatland$437.2MCitizens National BankCitizensNational$437MHome Savings of AmericaHomeSavingsof America$434.1MRepublic Federal BankRepublicFederal$433MNational Bank of CommerceNational of Commerce$430.9MWakulla BankWakulla$424.1MThe RiverBankTheRiver$417.4MGeorge Washington Savings BankGeorgeWashingtonSavings$412.8MSterling BankSterling$407.9MConnecticut Bank of CommerceConnecticut of Commerce$398.6MFirst Federal Bank of North FloridaFirstFederal of NorthFlorida$393.3MPeoples State BankPeoplesState$390.5MHabersham BankHabersham$387.6MCommunity South BankCommunitySouth$386.9MCentral Progressive BankCentralProgressive$383.1MSecurity Bank of Houston CountySecurity of HoustonCounty$383MFirst Guaranty Bank and Trust Company of JacksonvilleFirstGuaranty and TrustCompanyof Jacksonville$377.9MBank of Hiawasseeof Hiawassee$377.8MSouthern Community BankSouthernCommunity$377MWoodlands BankWoodlands$376.2MAmerican Marine BankAmericanMarine$373.2MCoastal Community BankCoastalCommunity$372.9MMcIntosh Commercial BankMcIntoshCommercial$362.9MSeaway Bank and Trust CompanySeaway and TrustCompany$361.2MSun West BankSunWest$360.7MSuburban Federal Savings BankSuburbanFederalSavings$360MSun Security BankSunSecurity$355.9MAlpha Bank & TrustAlpha & Trust$354.1MFirst National Bank of Central FloridaFirstNational of CentralFlorida$352MPremier American BankPremierAmerican$350.9MMaritime Savings BankMaritimeSavings$350.5MPlatinum Community BankPlatinumCommunity$345.6MMcIntosh State BankMcIntoshState$339.9MSonoma Valley BankSonomaValley$337.1MFirstBank Financial ServicesFirstFinancialServices$337M1st Pacific Bank of California1stPacific of California$335.8MWestsound BankWestsound$334.6MSan Luis Trust BankSanLuisTrust$332.6MThe Bank of UnionThe of Union$331.4MBartow County BankBartowCounty$330.2MFirst United BankFirstUnited$328.4MBank of Elmwoodof Elmwood$327.4MNorth Houston BankNorthHouston$326.2MSecurity Bank of Gwinnett CountySecurity of GwinnettCounty$322MDouglas County BankDouglasCounty$316.5MOld Southern BankOldSouthern$315.6MPacific State BankPacificState$312.1MFirst Choice Community BankFirstChoiceCommunity$308.5MAmerica West BankAmericaWest$299.4MFirstCity BankFirstCity$297MThe First National Bank Of FloridaTheFirstNational OfFlorida$296.8MThe Bank of GeorgiaThe of Georgia$294.2MRockBridge Commercial BankRockBridgeCommercial$294MMagnetBankMagnet$292.9MUnity National BankUnityNational$292.2MCitizens Bank of Northern CaliforniaCitizens of NorthernCalifornia$288.8MNorth County BankNorthCounty$288.8MFreedom BankFreedom$287MTruman BankTruman$282.3MBay National BankBayNational$282.2MFirst DuPage BankFirstDuPage$279MCentral Bank of GeorgiaCentral of Georgia$278.9MLandMark Bank of FloridaLandMark of Florida$275MBankFirstFirst$275MBankEastEast$272.6MCapitol City Bank & Trust CompanyCapitolCity & TrustCompany$272.3MFirst Arizona SavingsFirstArizonaSavings$272.2MCorn Belt Bank and Trust CompanyCornBelt and TrustCompany$271.8MGreat Basin Bank of NevadaGreatBasin of Nevada$270.9MInnovative BankInnovative$268.9MPremier BankPremier$268.7MButler BankButler$268MFirst Community Bank of Southwest FloridaFirstCommunity of SouthwestFlorida$265.7MRavenswood BankRavenswood$264.6MTurnberry BankTurnberry$263.9MFirst Priority BankFirstPriority$259MFrontier BankFrontier$258.8MMadisonville State BankMadisonvilleState$256.7MFirst Heritage Bank National AssociationFirstHeritage NationalAssociation$254MParamount BankParamount$252.7MFirst National BankFirstNational$252.5MHome Valley BankHomeValley$251.8MFirst Commerce Community BankFirstCommerceCommunity$248.2MEvergreen State BankEvergreenState$246.5MBank of Florida - Tampa Bayof Florida- TampaBay$245.2MChestatee State BankChestateeState$244.4MStatewide BankStatewide$243.2MThe Bank of BonifayThe of Bonifay$242.9MUnited Americas BankUnitedAmericas$242.3MFirst International BankFirstInternational$239.9MBankMeridianMeridian$239.8MSecurity Savings BankSecuritySavings$238.3MAmerican Trust BankAmericanTrust$238.2MFirst Georgia Community BankFirstGeorgiaCommunity$237.5MHeritage Community BankHeritageCommunity$232.9MOglethorpe BankOglethorpe$230.6MFirst Peoples BankFirstPeoples$228.3MHeritage Bank of FloridaHeritage of Florida$225.5MHeritage Banking GroupHeritageing Group$224MSecurity Bank of North MetroSecurity of NorthMetro$224MOcala National BankOcalaNational$223.5MFirst Cherokee State BankFirstCherokeeState$222.7MNeighborhood Community BankNeighborhoodCommunity$221.6MPierce Commercial BankPierceCommercial$221.1MJasper Banking CompanyJaspering Company$216.7MFirst Commercial BankFirstCommercial$215.9MOld Harbor BankOldHarbor$215.9MCentennial BankCentennial$215.2MCitizens Bank of EffinghamCitizens of Effingham$214.3MSouthwestUSA BankSouthwestUSA$214MBank of Lincolnwoodof Lincolnwood$214MBank USAUSA$212.8MInBankIn$212MBank of Illinoisof Illinois$211.7MCanyon National BankCanyonNational$210.9MLibertyPointe BankLibertyPointe$209.7MCommunity First BankCommunityFirst$209MSecurity Bank of North FultonSecurity of NorthFulton$209MAtlantic Bank and TrustAtlantic and Trust$208.2MFirst State BankFirstState$204.4MCopper Star BankCopperStar$204MGreater Atlantic BankGreaterAtlantic$203MSunrise Bank of ArizonaSunrise of Arizona$202.2MPiedmont Community BankPiedmontCommunity$201.7MExcel BankExcel$200.6MLincoln Park Savings BankLincolnParkSavings$199.9MProsperan BankProsperan$199.5MCommunity Bank of West GeorgiaCommunity of WestGeorgia$199.4MSecond Federal Savings and Loan Association of ChicagoSecondFederalSavingsand LoanAssociationof Chicago$199.1MSunFirst BankSunFirst$198.1MThe Bank of AshevilleThe of Asheville$195.1MUSA BankUSA$193.3MHigh Trust BankHighTrust$192.5MFirst Southern BankFirstSouthern$191.8MDecatur First BankDecaturFirst$191.5MCountry BankCountry$190.6MLegacy BankLegacy$190.4MFlagship National BankFlagshipNational$190MNBRS FinancialNBRSFinancial$188.2MHorizon BankHorizon$187.8MChampion BankChampion$187.3MWestern Springs National Bank and TrustWesternSpringsNational and Trust$186.8MOne Georgia BankOneGeorgia$186.3MMichigan Heritage BankMichiganHeritage$184.6MSCB BankSCB$182.6MCommunity Capital BankCommunityCapital$181.2MAmerican Sterling BankAmericanSterling$181MMontgomery Bank & TrustMontgomery & Trust$173.6MFirst Heritage BankFirstHeritage$173.5MFreedom Bank of GeorgiaFreedom of Georgia$173MBenchmark BankBenchmark$170MPutnam State BankPutnamState$169.5MEastside Commercial BankEastsideCommercial$169MBank of Ellijayof Ellijay$168.8MOlde Cypress Community BankOldeCypressCommunity$168.7MCitizens State BankCitizensState$168.6MNorthWest Bank and TrustNorthWest and Trust$167.7MFirst Coweta BankFirstCoweta$167MBank of the Eastern Shoreof the EasternShore$166.7MWashington Federal Bank for SavingsWashingtonFederal for Savings$166.3MFirst BankAmericanoFirstAmericano$166MThe First National Bank of DanvilleTheFirstNational of Danville$166MFirst Southern National BankFirstSouthernNational$164.6MHarVest Bank of MarylandHarVest of Maryland$164.3MThe Farmers Bank of LynchburgTheFarmers of Lynchburg$163.9MThe Bank of CommerceThe of Commerce$163.1MWestern National BankWesternNational$162.9MBlue Ridge Savings BankBlueRidgeSavings$161MTexas Community BankTexasCommunity$160.1MGulfSouth Private BankGulfSouthPrivate$159.1MCommunity Bank of ArizonaCommunity of Arizona$158.5MUnited Security BankUnitedSecurity$157MFirst National Bank of AnthonyFirstNational of Anthony$156.9MIndependent National BankIndependentNational$156.2MWaterfield BankWaterfield$155.6MSyringa BankSyringa$153.4MNorth Georgia BankNorthGeorgia$153.2MFirst State BankFirstState$152.4MSecurity Exchange BankSecurityExchange$151MPatriot Bank of GeorgiaPatriot of Georgia$150.8MLegacy BankLegacy$150.6MFirst Suburban National BankFirstSuburbanNational$148.7MHaven Trust Bank FloridaHavenTrust Florida$148.6MNevada Commerce BankNevadaCommerce$144.9MGlobal Commerce BankGlobalCommerce$143.7MTifton Banking CompanyTiftoning Company$143.7Mebankebank$143MSummit BankSummit$142.7MFirst Choice BankFirstChoice$141MSlavie Federal Savings BankSlavieFederalSavings$140.1MWilliamsburg First National BankWilliamsburgFirstNational$139.3MFirst Lowndes BankFirstLowndes$137.2MSatilla Community BankSatillaCommunity$135.7MFirst City Bank of FloridaFirstCity of Florida$134.7MPacific Coast National BankPacificCoastNational$134.4MBanks of Wisconsinsof Wisconsin$134MThe First National Bank of BarnesvilleTheFirstNational of Barnesville$131.4MSilver Falls BankSilverFalls$131.4MMillennium BankMillennium$130.3MPeotone Bank and Trust CompanyPeotone and TrustCompany$130.2MSherman County BankShermanCounty$129.8MCoastal BankCoastal$129.4MFirst Security National BankFirstSecurityNational$128MHarvest Community BankHarvestCommunity$126.4MPremier Community Bank of the Emerald CoastPremierCommunity of the EmeraldCoast$126MPalm Desert National BankPalmDesertNational$125.8MSunshine State Community BankSunshineStateCommunity$125.5MHometown Community BankHometownCommunity$124.6MUnion BankUnion$124MValley Community BankValleyCommunity$123.8MColorado National BankColoradoNational$123.5MCharter Oak BankCharterOak$120.8MCity National Bank of New JerseyCityNational of NewJersey$120.6MTowne Bank of ArizonaTowne of Arizona$120.2MGeorgia Trust BankGeorgiaTrust$119.8MMarco Community BankMarcoCommunity$119.6MIntegrity BankIntegrity$119MCitizens National BankCitizensNational$118.2MMillennium State Bank of TexasMillenniumState of Texas$118MFirst Piedmont BankFirstPiedmont$115MAmeribankAmeribank$115MEarthstar BankEarthstar$112.6MAmerican Southern BankAmericanSouthern$112.3MGulf State Community BankGulfStateCommunity$112.1MPatriot Bank MinnesotaPatriot Minnesota$111.3MAmerican United BankAmericanUnited$111MHeritage Bank of North FloridaHeritage of NorthFlorida$110.9MBank of Shorewoodof Shorewood$110.7MNew Horizons BankNewHorizons$110.7MProgress Bank of FloridaProgress of Florida$110.7MHeartland BankHeartland$110MNew Liberty BankNewLiberty$109.1MParkway BankParkway$108.6MCommunity Security BankCommunitySecurity$108MRiverview Community BankRiverviewCommunity$108MAllegiance Bank of North AmericaAllegiance of NorthAmerica$106.6MMid City BankMidCity$106.1MFirst State BankFirstState$105MShoreline BankShoreline$104.2MMountain Heritage BankMountainHeritage$103.7MFirst State Bank of AltusFirstState of Altus$103.4MFirst CornerStone BankFirstCornerStone$103.3MGranite Community BankGraniteCommunity$102.9MCreekSide BankCreekSide$102.3MSecurity BankSecurity$101MEricson State BankEricsonState$100.9MEnterprise Banking CompanyEnterpriseing Company$100.9MFirst Federal BankFirstFederal$100.1MFirst Commercial Bank of Tampa BayFirstCommercial of TampaBay$98.6MWestern Commercial BankWesternCommercial$98.6MMain Street BankMainStreet$98MWestside Community BankWestsideCommunity$97.7MMainstreet Savings BankMainstreetSavings$97.4MCommunity National Bank of Sarasota CountyCommunityNational of SarasotaCounty$97MSouthwest Community BankSouthwestCommunity$96.6MCentury Security BankCenturySecurity$96.5MVirginia Business BankVirginiaBusiness$95.8MCovenant Bank & TrustCovenant & Trust$95.7MCharter National Bank and TrustCharterNational and Trust$93.9MPolk County BankPolkCounty$91.6MWestBridge Bank and Trust CompanyWestBridge and TrustCompany$91.5MAmericanFirst BankAmericanFirst$90.5MThe First National Bank of DavisTheFirstNational of Davis$90.2MEdgebrook BankEdgebrook$90MWaukegan Savings BankWaukeganSavings$88.9MKey West BankKeyWest$88MHorizon BankHorizon$87.6MThe Royal Palm Bank of FloridaTheRoyalPalm of Florida$87MMiami Valley BankMiamiValley$86.7MFrontier BankFrontier$86.4MBadger State BankBadgerState$83.8MHillcrest Bank FloridaHillcrest Florida$83MValley BankValley$81.8MCommunity Bank of LemontCommunity of Lemont$81.8MISN BankISN$81.6MFirst Bank of JacksonvilleFirst of Jacksonville$81MHigh Desert State BankHighDesertState$80.3MMetroPacific BankMetroPacific$80MFirst National Bank of CrestviewFirstNational of Crestview$79.7MCommerce Bank of Southwest FloridaCommerce of SouthwestFlorida$79.7MCentral Florida State BankCentralFloridaState$79.1MCitizens Bank & Trust Company of ChicagoCitizens & TrustCompanyof Chicago$77.3MRock River BankRockRiver$77MGuaranty National Bank of TallahasseeGuarantyNational of Tallahassee$74.1MPinnacle BankPinnacle$73MGreenChoice BankGreenChoice$72.9MOakwood Deposit Bank CompanyOakwoodDeposit Company$72.3MSummit BankSummit$72MBrickwell Community BankBrickwellCommunity$72MNew City BankNewCity$71.2MCortez Community BankCortezCommunity$70.9MAmerican National BankAmericanNational$70.3MAlmena State BankAlmenaState$70MBank of Wyomingof Wyoming$70MThe John Warner BankTheJohnWarner$70MTown Community Bank and TrustTownCommunity and Trust$69.6MBank of Alamoof Alamo$69.4MProficio BankProficio$68.2MAppalachian Community BankAppalachianCommunity$68.2MCommunity National Bank at BartowCommunityNational at Bartow$67.9MFirst East Side Savings BankFirstEastSideSavings$67.2MBC National BanksBCNationals$67.2MNorth Milwaukee State BankNorthMilwaukeeState$67.1MSignature BankSignature$66.7MAllied BankAllied$66.3MAztecAmerica BankAztecAmerica$66.3MBayside Savings BankBaysideSavings$66.1MPartners BankPartners$65.5MVantage Point BankVantagePoint$63.5MCommunity Bank of RockmartCommunity of Rockmart$62.4MDuPage National BankDuPageNational$61.7MWaterford Village BankWaterfordVillage$61.4MPinehurst BankPinehurst$61.2MSunrise BankSunrise$60.8MFirst National BankFirstNational$60.4MMarshall BankMarshall$59.9MDouglass National BankDouglassNational$58.5MCovenant BankCovenant$58.4MJennings State BankJenningsState$56.3MThe Elizabeth State BankTheElizabethState$55.5MHighland Community BankHighlandCommunity$54.7MFirst Integrity BankFirstIntegrity$54.7MAllendale County BankAllendaleCounty$54.5MCarolina Federal Savings BankCarolinaFederalSavings$54.4MThe La Coste National BankTheLaCosteNational$53.9MLakeside Community BankLakesideCommunity$53MFort Lee Federal Savings BankFortLeeFederalSavings$51.9MAlabama Trust BankAlabamaTrust$51.6MUniversal Federal Savings BankUniversalFederalSavings$51.6MCommunity First Bank - ChicagoCommunityFirst - Chicago$51.1MCarson River Community BankCarsonRiverCommunity$51.1M1st Regents Bank1stRegents$50.2MThe Tattnall BankTheTattnall$49.6MFirst Vietnamese American BankFirstVietnameseAmerican$48MBramble Savings BankBrambleSavings$47.5MPublic Savings BankPublicSavings$46.8MBank of Ephraimof Ephraim$46.4MSouthshore Community BankSouthshoreCommunity$46.3MFirst Capital BankFirstCapital$46.1MGold Canyon BankGoldCanyon$45.2MCitizens Community BankCitizensCommunity$45.1MBank of Wausauof Wausau$43.6MThe First State BankTheFirstState$43.5MFarmers and Traders State BankFarmersand TradersState$43.1MCommunity Bank of the OzarksCommunity of the Ozarks$42.8MValley Capital BankValleyCapital$40.3MSouthern Colorado National BankSouthernColoradoNational$39.5MChipola Community BankChipolaCommunity$39.2MMeridian BankMeridian$39.2MAll American BankAllAmerican$37.8MRosemount National BankRosemountNational$37.6MSanderson State BankSandersonState$37MFarmers Bank & Trust of CheneyvilleFarmers & Trustof Cheneyville$37MThe Enloe State BankTheEnloeState$36.7MColumbia Savings BankColumbiaSavings$36.5MThe First State Bank of WinchesterTheFirstState of Winchester$36MFirst National Bank of BlanchardvilleFirstNational of Blanchardville$35MNet 1st National BankNet1st National$34.7MFayette County BankFayetteCounty$34.4MThe Farmers and Merchants State Bank of ArgoniaTheFarmersand MerchantsState of Argonia$34.2MThunder BankThunder$32.6MAccess BankAccess$32MPremier BankPremier$31.7MCentral Arizona BankCentralArizona$31.6MCommunity National BankCommunityNational$31.6MSinclair National BankSinclairNational$30.7MReliance BankReliance$30.3MLouisa Community BankLouisaCommunity$29.7MThe Gordon BankTheGordon$29.4MState Bank of AuroraState of Aurora$28.2MGateway Bank of St. LouisLouis$27.7MResolute BankResolute$27.1MThe Community's BankTheCommunity's$26.3MBank of Jackson Countyof JacksonCounty$25.5MGlasgow Savings BankGlasgowSavings$24.8MSt. Stephen State BankStephenState$24.7MThe Freedom State BankTheFreedomState$22.8MPisgah Community BankPisgahCommunity$21.9MThe Woodbury Banking CompanyTheWoodburying Company$21.4MTrust Company BankTrustCompany$20.7M1st Commerce Bank1stCommerce$20.2MBank of Leetonof Leeton$20.1MAmerican Eagle Savings BankAmericanEagleSavings$19.6MNew Century BankNewCentury$19MNorthern Star BankNorthernStar$18.8MHume BankHume$18.7MFirst Alliance Bank & Trust CompanyFirstAlliance & TrustCompany$18.4M1st American State Bank of Minnesota1stAmericanState of Minnesota$18.2MArcola Homestead Savings BankArcolaHomesteadSavings$17MFirst Bank of Kansas CityFirst of KansasCity$16MMetropolitan SavingsMetropolitanSavings$15.8MHome Federal Savings BankHomeFederalSavings$14.9MDwelling House Savings and Loan AssociationDwellingHouseSavingsand LoanAssociation$13.4MDollar Savings Bank of NewarkDollarSavings of Newark$12.3MAmTrade International BankAmTradeInternational$12MBank of Sierra Blancaof SierraBlanca$10.8MPulaski Savings BankPulaskiSavings$10.2MThe Malta National BankTheMaltaNational$9.5MImperial Savings and Loan AssociationImperialSavingsand LoanAssociation$9.4MIdeal Federal Savings BankIdealFederalSavings$6.3MHometown National BankHometownNational$4.9M

Source: FDIC. Built on yarn.tech

Small banks can be more susceptible to failure. Their assets are usually more concentrated and they don't have the same access to funding as larger banks. When customers rush to withdraw their money en-masse, a bank needs to sell its assets or raise funding to enable the withdrawals.

When a bank can't meet obligations, such as withdrawals by customers, regulators step in to shut down the bank. This sort of bank failure is reasonably common; SVB is the 562nd failure since Oct 2000. Periods of financial crises spark more bank failures, but banks fail even in "normal" times.

Several banks failed during the Great Financial Crisis.

Failed banks over time, since Oct 2000

20022004200620082010201220142016201820202022Great FinancialCrisisSilicon ValleyBankWashingtonMutual Bank

Source: FDIC. Built on yarn.tech

Surprisingly, the Great Financial Crisis wasn't the worst of it. Bank failures were very common in the 1980s, with almost 30% of all banks failing. The Savings and Loans crisis of the 80s happened as the Fed aggressively raised interest rates. Rising rates lead to lower asset prices, and small banks were hit hard.

After a bank failure in the US, the Federal Deposit Insurance Corporation (FDIC) steps in as the receiver of the failed bank's assets. The FDIC typically takes over the bank's operations, works to sell off its assets, and use the proceeds to repay creditors. Depositors, or account holders, are first in line amongst the creditors to get their money back.

Most banks hold more assets than deposits. So in theory, depositors should always be made whole.

Usually, the failed bank gets sold, assets and all, to a competitor. For account holders, when the process is smooth, nothing changes other than the logo on their local branch: even their account numbers remain the same. But for large banks, and at times of crises, the process isn't smooth.

Most banks held more assets than deposits at the time they failed.

Deposits vs. Assets

$500M$1bn$1.5bn$2bn$2.5bn$3bn→IndyMacColonialGuarantyBankUnitedDowneyAmTrustWesternbank Puerto RicoUnited CommercialCalifornia NationalCorusFirst FederalR-G PremierDoralFranklinFirst NBCPark NationalSilvertonImperial CapitalAmcorePFF and TrustSan Diego NationalLa JollaFrontierRiverside NationalFirst National ofMidwest Bank and Trust CompanyFirst NationalSuperiorTierOneOrionIrwin UnionEurobankNetBankPacific NationalFirst CommunityIntegra National AssociationFirst RegionalShoreBankANB FinancialUnited WesternGeorgianNew FrontierSilver StateVineyardPeoples First CommunityLydian PrivateCountyHillcrest

Source: FDIC. Built on yarn.tech

IndyMac's took 9 months.

IndyMac collapsed in July 2008 during the Great Financial Crisis. At the time, it was the fourth largest bank failure of all time.

FDIC Insurance kicked in immediately to protect account holders up to $100k. Account holders were able to withdraw those funds immediately. But the process of unwinding the rest of the assets, to recover funds for the accounts over $100k took time.

It was hard to find willing buyers for IndyMac. Most other banks were suffering already due to the crisis. Account holders had to wait until March 2009, when the bank was sold to OneWest, to access their remaining savings.

WaMu's happened overnight.

Washington Mutual failed in Sept 2008, making it the largest bank failure of all time.

Many had been anticipated the collapse for the months prior. The FDIC held a secret auction for the bank, before it was placed into receivership, which was won by JP Morgan Chase.

After the auction, WaMu was immediately placed into receivership by the FDIC, and officially sold. Account holders didn't need to tap into the FDIC insurance, and were able to access their savings immediately.

So what happens next with SVB?

I'd guess that a larger bank comes in to acquire them, perhaps as soon as next week and the situation will be look like the WaMu case study.

But are more banks are vulnerable to the effect of rising rates? Back in the 1980s, several banks failed during the Savings and Loans crisis, triggered by the Federal Reserve raising interest rates. SVB's collapse has echoes of the same period.

Liked this post?

Sign up here for more posts about macroecomics and financial data.

Want to create your own interactive data stories? This post was built with Yarn.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK