List of failed banks: How many banks failed in the past 10 years?

Core Insights - U.S. bank failures have become rare since the 2008 financial crisis, but they still occur, with a total of 570 bank failures recorded from 2001 to 2025, nearly 400 of which happened between 2009 and 2011 [4][5]. Group 1: Definition and Impact of Bank Failures - A bank failure occurs when a regulatory agency closes a bank that can no longer meet its financial obligations, which can result from mismanagement, poor financial decisions, economic downturns, or bank runs [2]. - The FDIC protects depositors by insuring funds in deposit accounts up to $250,000 per account holder, per institution, and per ownership category [3]. Group 2: Recent Trends in Bank Failures - Bank failures have significantly decreased, with no failures reported in 2018 or during 2021-2022; however, 2023 saw the second- and third-largest bank failures in U.S. history: First Republic Bank and Silicon Valley Bank [5]. - The FDIC steps in to manage the assets of failed banks, either transferring them to a new FDIC-insured bank or issuing payments to depositors equal to the insured amount [7]. Group 3: List of Failed Banks - A detailed list of failed banks from 2023 includes Citizens Bank, Heartland Tri-State Bank, First Republic Bank, Signature Bank, and Silicon Valley Bank, with various acquiring institutions [14]. - The list of failed banks from previous years, such as 2020 and 2019, also highlights the ongoing challenges within the banking sector [10][11].