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The closing of Magnet Bank, Ocala National Bank and Suburban Federal Savings Bank on Friday brought the total number of bank and thrift failures for 2009 to six. There were 25 failures during 2008.
Federal Deposit Insurance Corp. spokesman David Barr said the agency's estimated cumulative losses to its deposit insurance fund from bank and thrift failures during 2008 was $15.6 billion, which included $8.9 billion from the failure of IndyMac Bank, back in July. While a year-end figure was not yet available, the FDIC's deposit insurance fund totaled $34.6 billion as of Sept. 30.
The following is a list of all the bank and thrift failures during 2008 and 2009:
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