22 October 2010

It's Bank Failure Friday!!!!

And here they are, ordered, and numbered for the year so far.
  1. First Bank of Jacksonville, Jacksonville, FL
  2. Progress Bank of Florida, Tampa, FL
  3. The Gordon Bank, Gordon, GA
  4. The First National Bank of Barnesville, Barnsville, GA
  5. First Suburban National Bank, Haywood, IL
  6. Hillcrest Bank, Overland Park, KS
  7. First Arizona Savings, A FSB, Scottsdale, AZ

So, after a lull of a few weeks, things appear to be ramping up again.

6 7 banks, there have been 10 6 weeks with 6 7 or more closures so far this year, and it's week 42.

Not pretty

Full FDIC list

So, here is the graph pr0n with trendline (FDIC only):

I would note that are now at the point where the utility of the least squares trendline is diminishing, but I'm keeping it here for historical purposes.


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