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About: Continental Illinois     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatDefunctCompaniesBasedInIllinois, within Data Space : dbpedia.org associated with source document(s)

Type: Thingcompanyschema:Organizationdul:Agentdul:SocialPersonagentwikidata:Q24229398OrganizationBusiness enterpriseyago:WikicatBanksBasedInIllinoisyago:WikicatBanksDisestablishedIn1994yago:WikicatBanksEstablishedIn1910yago:Abstraction100002137yago:Company108058098yago:DepositoryFinancialInstitution108420278yago:FinancialInstitution108054721yago:Group100031264yago:Institution108053576yago:Organization108008335yago:YagoLegalActoryago:YagoLegalActorGeoyago:YagoPermanentlyLocatedEntityorganisationyago:SocialGroup107950920yago:WikicatDefunctCompaniesBasedInChicago,Illinoisyago:WikicatDefunctCompaniesBasedInIllinois New Facet based on Instances of this Class

The Continental Illinois National Bank and Trust Company was at one time the seventh-largest commercial bank in the United States as measured by deposits, with approximately $40 billion in assets. In 1984, Continental Illinois became the largest ever bank failure in U.S. history, when a run on the bank led to its seizure by the Federal Deposit Insurance Corporation (FDIC). Continental Illinois retained this dubious distinction until the failure of Washington Mutual in 2008 during the financial crisis of 2008, which ended up being over seven times larger than the failure of Continental Illinois.