List of failed banks: 2009-2026

Karen Bennett

Thu, February 19, 2026 at 5:33 AM GMT+9 26 min read

Key takeaways

It is common for at least a few banks to fail in a year.

One bank has failed in 2026, to date, while 2025 and 2024 each saw two bank failures.

Storing your money in an FDIC-insured bank will help protect your funds.

Chicago-based Metropolitan Capital Bank & Trust closed its doors on Jan. 30, 2026. The bank had total assets of $261.1 million and total deposits of $212.1 million as of last September, according to the Federal Deposit Insurance Corp. (FDIC). Deposits in the bank (excluding certain brokered deposits) were assumed by Detroit-based First Independence Bank.

This marked the first failure of an FDIC-insured bank this year. Prior, 2024 and 2025 each saw two failures.

A few bank failures typically happen each year. A bank failure occurs when a financial institution becomes insolvent, meaning it lacks the funds to cover its customers’ deposits and the money it owes to others, according to the FDIC. Bank failures can result from a number of factors, such as mismanagement, economic forces and criminal activity.

Because banks often fail with little to no notice, it’s important to have your money at a bank that’s insured by the FDIC. What’s more, it’s also critical to make sure your balances are within FDIC insurance limits and guidelines.

Did you know?

No depositor has lost a penny of FDIC-insured funds since 1933, according to the FDIC. For the past 92 years, the FDIC exists to make sure you’re confident that your money is safe if your bank fails. Learn more about the workings of the FDIC in Bankrate’s primer: A guide to what FDIC insurance is and how it works.

U.S. bank failures

There were five bank failures in 2023, a year with some of the largest bank failures in U.S. history. They included Silicon Valley Bank, which failed on March 10, followed two days later by Signature Bank, ending an unusual streak of more than 800 days without a bank failure. Those were followed by First Republic Bank on May 1, then Heartland Tri-State Bank on July 28. Later, in November 2023, Citizens Bank failed.

Bank failures may be few and far between, but they’re not uncommon. In fact, in most years at least one bank fails. It’s rare for there to be years like 2022, 2021, 2018, 2006 or 2005, when no banks failed. It’s also uncommon for there to be more than a year between bank failures.

Learn more: FDIC insurance limits and how to insure excess deposits

Longest periods between U.S. bank failures since 1933

Before March 2023, only three banks had failed since the coronavirus pandemic started. Since then, there have been a total of 10 failures, with the most per year being in 2023.

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As soon as a bank fails, the FDIC estimates how much that bank failure will cost the Deposit Insurance Fund (DIF). Quarterly assessments on FDIC-insured banks fund most of the DIF, according to the FDIC.

The following tables list the number of U.S. banks that have failed since 2009. All data is from the FDIC.

Bank failures since 2009

2023 – 2026 list of failed banks

2026 list of failed banks

2025 list of failed banks

2024 list of failed banks

2023 list of failed banks

2009 – 2020 list of failed banks

2020 list of failed banks

2019 list of failed banks

2017 list of failed banks

2016 list of failed banks

2015 list of failed banks

2014 list of failed banks

2013 list of failed banks

2012 list of failed banks

2011 list of failed banks

2010 list of failed banks

2009 list of failed banks

How bank failures are handled

When a bank fails, the FDIC steps in to settle the accounts. Each depositor at an FDIC-insured bank that fails is paid their account value, up to $250,000. The FDIC will also take steps to reduce the damage of the failure, including selling off the failed bank’s loans.

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