Banks that have failed in 2008. This year (as of September 14, 2008) eleven banks have failed according to the Federal Deposit Insurance Corporation.
Silver State Bank , Henderson , Nev. , Closed: Sept. 5, 2008
Integrity Bank, Alpharetta , Ga. , Closed: Aug. 29, 2008
The Columbian Bank and Trust, Topeka , Kan. , Closed: Aug. 22, 2008
First Priority Bank, Bradenton , Fla. , Closed: Aug. 1, 2008
First Heritage Bank, Newport Beach , California , Closed: July 25, 2008
First National Bank of Nevada , Reno , Nev. , Closed: July 25, 2008
IndyMacBank, Pasadena , Calif , Closed: July 11, 2008
First Integrity Bank, Staples, Minn , Close May 30, 2008
ANB Financial, Bentonville, Ark. Closed: May 9, 2008
Hume Bank , Hume , Mo. Closed: March 7, 2008
Douglass National Bank , Kansas City , Mo. , Closed: Jan. 25, 2008
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Fannie Mae, Freddie Mac also fail. On September 7, 2008 the federal government took control of Fannie Mae and Freddie Mac on Sunday in a bid to keep the two mortgage giants from failing, catastrophes that would have made home loans harder to get and taken the nation's housing collapse to a new level of crisis. How Fannie Mae and Freddie Mac work:
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