16 April 2010

It's Bank Failure Friday!!!!

And here they are, ordered, and numbered for the year so far, and these are, of course, in addition to the rather unusual Thursday closing yesterday.
  1. Lakeside Community Bank, Sterling Heights, MI
  2. First Federal Bank of North Florida, Palatka, FL
  3. AmericanFirst Bank, Clermont, FL
  4. Riverside National Bank of Florida, Fort Pierce, FL
  5. Butler Bank, Lowell, MA
  6. Innovative Bank, Oakland, CA
  7. Tamalpais Bank, San Rafael, CA
  8. City Bank, Lynnwood, WA
Full FDIC list

8 banks is a busy week, the most closings so far this year.

So, here is the graph pr0n with trendline:



Looks to me that we are heading towards 150-175 failures in 2010.

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