Phoenix, Arizona is a swamp.
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 -LRB- FDIC -RRB- .. Federal Deposit Insurance Corporation. Federal Deposit Insurance Corporation. 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 .. Washington Mutual. Washington Mutual. financial crisis of 2008. Financial crisis of 2007–2010