16 October 2020

It's Bank Failure Friday!!!

After an almost 6 month hiatus, we have the 3rd bank failure of the year, First City Bank of Florida, of Fort Walton Beach FL.

I'm not sure if it means anything, except the obvious that the economy is beginning to hit the banks.

It may be the first of a few, or the first of a tsunami.  No clue as to which one.

By way of context here is the Full FDIC list going back a number of years.

Still not at a number where graphing makes sense though.

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