List of banks acquired or bankrupted during the Great Recession


This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks, building societies and insurance companies that were:
Announcement dateAcquired companyAcquirerType of company acquiredValue Reference
Ownit Mortgage Solutions IncChapter 11 bankruptcy and liquidationMortgage lender
American Freedom MortgageChapter 11 bankruptcy and liquidationMortgage lender
First Merchant Bankwithdrawal of the concessionOffshore bank
New CenturyChapter 11 bankruptcy and liquidationMortgage lender
American Home MortgageChapter 11 bankruptcy and liquidationMortgage lender
Ameriquest MortgageChapter 11 bankruptcy and liquidationLargest Subprime Mortgage lender
NetBank ING DirectSavings and loan association$14000000
ABN AMRO Royal Bank of Scotland Fortis Grupo SantanderDiversified financial services€70000000000

Landesbank Sachsen Landesbank Baden-WürttembergLandesbank€328000000
Northern Rock Government of the United KingdomRetail and mortgage bank
Bear Stearns, New York City JPMorgan Chase, New York CityInvestment bank$2200000000
Catholic Building Society Chelsea Building SocietyBuilding Society£51000000
Countrywide Financial, Calabasas, California Bank of America, Charlotte, North CarolinaMortgage lender$4000000000
Alliance & Leicester Grupo SantanderRetail and mortgage bank£1260000000
Roskilde Bank Danmarks Nationalbank Retail bank$896800000
Silver State Bank Federal Deposit Insurance CorporationCommercial bank
Fannie Mae and Freddie Mac Federal Housing Finance AgencySecondary Mortgage Market$
Derbyshire Building Society Nationwide Building SocietyBuilding society£7100000000
Cheshire Building Society Nationwide Building SocietyBuilding society£4900000000
Merrill Lynch, New York City Bank of America, Charlotte, North CarolinaInvestment bank$44000000000
American International Group, New York City United States federal governmentInsurance company$182000000000
Lehman Brothers, New York City BarclaysInvestment bank$1300000000
HBOS Lloyds TSBDiversified financial services$21850000000
Washington Mutual, Seattle, Washington JPMorgan Chase, New York CitySavings and loan association$1900000000
Lehman Brothers Nomura HoldingsInvestment bank$2
Bradford & Bingley Government of the United Kingdom
Grupo Santander
Diversified financial services£
Fortis Government of the Netherlands
BNP Paribas
Diversified financial services
Dexia The Belgian, French and Luxembourg governmentsPublic finance and retail
Wachovia, Charlotte, North Carolina Wells Fargo, San Francisco, CaliforniaRetail and investment banking$15000000000
Landsbanki Icelandic Financial Supervisory AuthorityCommercial bank
Glitnir Icelandic Financial Supervisory AuthorityCommercial bank
Kaupthing Bank ING DirectCommercial bank
BankWest Commonwealth Bank of AustraliaBank£1200000000
Sovereign Bank, Wyomissing, Pennsylvania Banco Santander SABank$1900000000
Royal Bank of Scotland Group Government of the United KingdomBank£20000000000
HBOS Government of the United KingdomBank£13000000000
Lloyds TSB Government of the United KingdomBank£4000000000
UBS Swiss National Bank and the Federal administration of SwitzerlandBank$59200000000
Barnsley Building Society Yorkshire Building SocietyBuilding society£376000000
National City Bank, Cleveland, Ohio PNC Financial Services, Pittsburgh, PennsylvaniaBank$5580000000
Commerce Bancorp, Cherry Hill, New Jersey Toronto-Dominion Bank, Toronto, OntarioBank$8500000000
Banco Português de Negócios Government of PortugalBank€6305000000
Scarborough Building Society Skipton Building SocietyBuilding Society
Parex Bank Government of LatviaBank
Downey Savings and Loan U.S. BankSavings and loan association
London Scottish BankBank
IndyMac Federal Bank IMB Management HoldingsSavings and loan association$13900000000
Anglo Irish Bank Government of the Republic of IrelandBank
BTA Bank Government of KazakhstanBank$2100000000
Alliance Bank Government of KazakhstanBank
Bank of Antigua Eastern Caribbean Central BankBank
HSBC Finance Corporationshutdown of US consumer lendingConsumer finance
Straumur Investment Bank Icelandic Financial Supervisory AuthorityInvestment bank
Dunfermline Building Society Bank of England
Nationwide Building Society
Building Society
Cape Fear BankChapter 11 bankruptcy and liquidationfinancial company
New Frontier BankChapter 11 bankruptcy and liquidationBank
American Sterling Bank Metcalf BankBank
American Southern Bank Georgia Department of Banking and FinanceBank$216600000
Stanford Bank Venezuela Banco Nacional de CréditoBank$111000000
Dresdner Bank CommerzbankBank
Banco de Venezuela Government of VenezuelaUniversal bank$1050000000
Bank Mediciwithdrawal of the concessionBank
Colonial Bank, Alabama BB&T, North CarolinaBank
Guaranty Bank, Texas BBVA Compass, AlabamaSavings and loan association
Colonial BancgroupChapter 11 bankruptcy and liquidationBank holding company
Hypo Alpe Adria Bank Government of AustriaBank, Mortgage lender
DSB BankBank, Insurance
Cal National Bank US BankConsumer and business bank
AmTrust Bank New York Community BankBank
Hypo Real Estate Government of GermanyBank, Mortgage lender
First Federal Bank of California OneWest Bank, CaliforniaSavings and loan association$5000000000
Philippine American Life and General Insurance Company American International AssuranceInsurance company
Chesham Building Society Skipton Building SocietyBuilding Society£230000000
Banco Privado Português Government of Portugal Bankruptcy and fraudBank€41000000
EuroBancshares OFG BancorpUniversal bank
CajaSur Banco de EspañaSavings and loan association€550000000
AmbacChapter 11 bankruptcy and restructuringInsurance company
Banco Filipino Philippine Deposit Insurance CorporationSavings and loan association$
CatalunyaCaixa Government of SpainSavings and loan association
MF Global US Securities and Exchange CommissionDiversified financial services$43000000000
PMI Group State of ArizonaInsurance company
Exportbank Philippine Deposit Insurance CorporationCommercial bank$18000000
Bankia Government of SpainSavings and loan association€19000000000
FGIC State of New YorkInsurance company
Western German state Bank Portigon Financial Services
'
Landesbank
HSH Nordbank Cerberus Capital Management
'
Landesbank€55000000000