01 May 2009

Friday Night Bank Failures

28 so far this year.

America West Bank, Layton, UT

Citizens Community Bank, Ridgewood, NJ

Silverton Bank, N.A., Atlanta, GA

Full FDIC list.

Oh, we also have a German bank, Hypo Real Estate (HRE), that specialized in loans to developers being nationalized by the German government, albeit in a confusing, slow motion sort of way.

And finally, there is Accredited Home Lenders Holding Co., a San Diego, California based mortgage banker filed for Chapter 11 bankruptcy, listing debt of as much as $500 million and assets of less than $50 million.

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