The Federal Deposit Insurance Corp.

has filed civil lawsuits against former executives and board directors at only five of the 347 U.S. banks that have failed since 2008. As the legal receiver for closed banks, the FDIC may sue professionals for alleged negligence in bank management and try to recover money for the federal deposit insurance fund.

  • Integrity Bank; Georgia lawsuit seeks $70 million of the $295 million the failure cost the deposit fund.
  • Corn Belt Bank and Trust Co.; Illinois lawsuit seeks $10.4 million of the $100.7 million the failure cost the deposit fund.
  • Heritage Community Bank; Illinois lawsuit seeks $20 million of the $41.6 million the failure cost the deposit fund.
  • First Centennial Bank; California lawsuit seeks $26.8 million of the $163 million the failure cost the deposit fund.
  • IndyMac Bank; California lawsuit seeks $300 million of the $10.7 billion the failure cost the deposit fund.