The phrase, “in like a lamb — and out like a lion” usually refers to the weather during the month of March. But the storm of US bank failures continue to roar its way through April like a lion on the rampage bringing the total of failed banks to 64 for the year. Twenty-three more [...]
Nineteen more U.S. banks failed during the month of March bringing the year-to-date total to 41. The estimated losses for the month were estimated to be more than $3.1 billion. The FDIC is estimating the losses for 2010 at more than $7.8 million. In 2009, only nine banks failed during March – making the 211% [...]
Many recent reports about the US economy seem to suggest things are getting better. However, through the end of February, the US saw a 28% increase in bank failures when compared to the same period a year ago. During February 2009, 10 US banks failed while during February 2010, only seven banks failed. According to [...]
Sadly, 2010 looks to be another banner year for bank failures. During the month of January, 15 banks failed in 10 states. The FDIC, entered into loss sharing arrangements or estimates its losses to the insurance fund to be more than $4.2 billion. While the loan sharing arrangements are not direct losses these values represent [...]
2009 will go down in the record books for many things – bank failures included. During the year 140 banks failed setting a record since the 1930s. It appears that the record number of bank failures was recorded in 1989 at 531 bank failures. State Number of Banks Closed % of Total Georgia 25 17.86% [...]
More banks fail on #failfriday. 2009 total now stands at 115 banks failing.
Unfortunately, 2009 has been a banner year for bank closures. So far, 106 banks have failed costing the FDIC billions. The following is an up-to-date list as of October 23, 2009 of the failed banks in the United States as published by the FDIC . The following Google tool helps to show the dramatic increase. [...]
After many an error message, I’ve finally got a working chart representing bank failures in the United States, by state, by year through September 4, 2009 (if it loads it is pretty dramatic). The Google Visualization tool sometimes takes awhile to load. Sate Year Number of Bank Closures State – Year – Number 2000 HI [...]
