Quick Quiz: Failed Banks

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What is the total number of banks under FDIC receivership since 2000: (A) 25, (B) 54, (C) 75, or (D) 93? The answer is B.

Since 2000, 54 failed banks have been placed under FDIC receivership. Half those banks closed between January 20008 and January 2009, and include two of the largest bank failures in history: Washington Mutual (estimated $327.9 billion in assets) and Indy Mac (estimated $32 billion in assets). When the FDIC is appointed as receiver, it sells the closed institution’s assets to pay depositors and its creditors. For details on all 54 banks, and to watch for new institutions under FDIC receivership, see the FDIC’s Failed Bank list.

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