Based on the provided information, the three most recent banks to go under include Silicon Valley Bank, Almena State Bank, and First City Bank of Florida.
Recent bank failures are closely monitored by regulatory bodies to ensure financial stability and protect depositors. The phrase "just went under" typically refers to the most recent institutions that have failed and been closed by their chartering authority.
Overview of Recent Bank Failures
Here are the three most recent bank failures listed in the available data, along with their closing dates:
| Bank Name | City | Closing Date |
|---|---|---|
| Silicon Valley Bank | Santa Clara | March 10, 2023 |
| Almena State Bank | Almena | October 23, 2020 |
| First City Bank of Florida | Fort Walton Beach | October 16, 2020 |
These banks, like others that have failed, underwent closure processes overseen by the Federal Deposit Insurance Corporation (FDIC) to manage their assets and safeguard insured deposits.
Understanding Bank Failures and FDIC's Role
Bank failures, while not a frequent occurrence, are a controlled process within the regulated financial system. When a bank fails, the FDIC steps in to protect insured depositors and maintain public confidence. Key actions the FDIC typically takes include:
- Protecting Depositors: Ensuring that insured deposits, up to the current limit of \$250,000 per depositor, per insured bank, for each account ownership category, are paid out or transferred to a healthy institution.
- Managing Assets: Taking control of the failed bank's assets and liabilities to minimize losses to the Deposit Insurance Fund.
For a comprehensive list and historical data on all U.S. bank and thrift failures, the official FDIC Failed Bank List is the primary source.
