The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.
Whenever a bank fails the FDIC is appointed as receiver for the failed bank and then assists in finding a suitable institution to absorb the remaining assets and liabilities of the failed institution.
The FDIC maintains a list of banks that have failed since October 2000. The list is updated on a weekly basis and includes the name of the failed institution along with the closing date and the acquired institution.
The interactive map below has a dot for each failed institution, colored by the year of closing. Charts included are number of banks failed by state and year, and total number of banks closed along with total number of acquiring institutions. Along the top of the map is a series of filters that can be used to filter the maps and charts. Everything can be filtered by month and year of closing date, city of the failed bank, state of the failed bank, and the acquiring institution.
Additionally, the charts can be filtered by selecting one or more points on the map (click on a point or click and drag to select multiple points). Also, the map can be filtered by clicking on a state in the ‘number of banks by state’ chart and/or by clicking on a year in the ‘number of banks by year’ chart.
Interactive Map of the FDIC Failed Bank List:
Tutorial on Using the Interactive Map of FDIC Bank Failures:
You may want to begin with this quick tutorial that shows the features of this visualization.