Landsbanki
Prior to its failure the bank was one of the largest Icelandic banks with assets of ISK 3,058 billion in December 2007 and a market capitalisation of ISK 383 billion.  It been in operation since 1885 and had been instrumental in the economic development of business and industry in Iceland.  From 1927 to 1961 the bank had acted as the central bank, until it was replaced by the Central Bank of Iceland, although this interest was primarily directed towards note issuance rather than monetary policy.  The bank had been state owned and was privatized in stages between 1998 and 2003.