In many ways, the financial crisis of 2007-2009 set new standards for spectacular, messy bank failures. In 2008, IndyMac Bank, formerly a part of Countrywide Financial, became one of the largest bank failures in history. IndyMac’s demise was the leading edge of a wave that would eventually consume hundreds of banks.
An analysis of FDIC data shows that in the 5 years before IndyMac collapsed, there had been 12 total bank failures; in the 5 years afterward, there were 475. With that post-crisis wave having finally receded in 2015, here are the largest bank failures of all time.