The failures of Silicon Valley Bank and Heritage Bank last week had one consequence – they overshadowed the largest failure experienced by an Alabama-based bank, a fall that took place more than a decade ago in the wake of the Great Recession.

Colonial Bank, once Alabama’s second largest bank, with about 350 branches and 4,500-plus employees, was the subject of what is now the fifth largest bank failure in U.S. history.

The worst, Washington Mutual Bank, with about $307 billion in assets, failed in September 2008 at the beginning of the recession. SVB, with $209 billion, has slid into second place, just ahead of last week’s collapse of New York-based Heritage Bank, which had $110 billion in assets. IndyMac, with $30.1 billion in assets, fell in July 2008.

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