Ninety-two U.S. banks and thrifts failed in 2011, down from 157 in 2010 and 140 in 2009.
In a report this week, SNL Financial generated a series of charts that showed the number of failures were far greater during the savings-and-loan meltdown that began in the 1980s and extended into the early '90s.
The assets of failed banks peaked in 2008, however. No surprise there: Among the institutions seized by regulators was Seattle's Washington Mutual Bank, the largest savings and loan in the nation with $307 billion in assets and the biggest bank ever to fail. WaMu is now part of JPMorgan Chase & Co.
Another big failure that year was Southern California's IndyMac Bank, another savings and loan, which had $32 billion in assets. The Pasadena institution, acquired by a consortium of wealthy private investors, now operates as OneWest Bank.