Committee for a Responsible Federal Budget

Three More FDIC Bank Closings

Sep 12, 2009

On Friday evening, the FDIC reported that it has taken over three additional banks (Venture Bank, Brickwell Community Bank, and Corus Bank) for a cost of around $2 billion. This brings the total number of failed banks since the beginning of 2008 to 92. Total deposits of all failed banks now equal $82.98 billion for 2009 and over $316 billion since the beginning of 2008, all at an estimated cost to the FDIC of $46.23 billion. Visit for more details and a full list of FDIC bank closings.

 Total DepositsCost to FDIC
Venture Bank$903,000,000$298,000,000
Brickwell Community Bank$63,000,000$22,000,000
Corus Bank, N.A.$7,000,000,000$1,700,000,000