Between October 2000 and the close of 2013, FDIC insured institutions have dropped from 10,101 to 6,812, a decline of 3,289 or 32.6%.
Of those, 521 were outright bank failures, 497 of which occurred from February 2, 2007 to February 28, 2014. Before that there were just 24 failures going back to October 2000.
The cost of the 497 failures to the FDIC's Deposit Insurance Fund has been $89.26 billion.
The failure of IndyMac Bank FSB of Pasadena, CA in July 2008 was the costliest to the FDIC: $13.2 billion.
BankUnited FSB of Coral Gables, FL was a distant second at $5.9 billion in May 2009.
Colonial Bank of Montgomery, AL cost the FDIC $4.5 billion in August 2009.
WesternBank Puerto Rico cost the FDIC $3.2 billion in April 2010.
And rounding out the top five is Amtrust Bank of Cleveland, OH which cost the FDIC $2.97 billion when it failed in December 2009.
