# US: 489 since 2008

The number of bank failures during 2013 has declined significantly from the prior year. During 2012 there were 51 bank failures compared to a year to date total of 24 for 2013. Bank failures have now declined for three years in a row since 2010 when there were 157 bank failures. The summary below shows the total number of bank failures since the beginning of the financial crisis in 2008.

**Banking Failures Since 2008**

**Year Number of Bank Failures**

**2008 25**

**2009 140**

**2010 157**

**2011 92**

**2012 51**

**2013 24**

**Total 489**

**The estimated cost to the FDIC Deposit Insurance Fund for the failure
of Texas Community Bank is $10.8 million. The total number of bank
failures for 2013 now totals 24, less than half of last yearâ€™s 51 bank
failures. Texas Community Bank is the second bank failure in Texas this
year after the closing of First National Bank, Edinburg, on September
13, 2013..**