23 September 2011

It's Bank Failure Friday!!!!

And here they are, ordered, and numbered for the year so far.

  1. Bank of the Commonwealth,Norfolk, VA
  2. Citizens Bank of Northern California, Nevada City, CA
Full FDIC list

So, after a week with no bank closings, we now had two.

The pace is clearly slower than last year, but I'm not sure if the pace of bad loans is slowing, or if we are simply running out of banks.

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

Posted by Matthew Saroff at 9:36 PM
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