07 May 2017

It's Bank Failure Friday!!! (On Sunday)

We have the 5th commercial bank failure of the year, Guaranty Bank, (d/b/a BestBank in Georgia & Michigan), in Milwaukee, Wisconsin.

This means that bank failures have caught up with credit union failures, and the current pace is about 14 a year, which is a faster pace than both 2015 and 2016.

Here is the Full FDIC list.

So, here is the graph pr0n with last few years numbers for comparison (FDIC only):


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