Number of failed banks in the US reached 69 so far this year

Sunday, August 2nd 2009 - 11:46 UTC

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United States banks in New Jersey, Ohio, Florida, Oklahoma and Illinois were shut, pushing the toll of failed US lenders to 69 this year. The Federal Deposit Insurance Corporation was named the receiver of the five banks, the regulator said in e-mailed statements. Read full article

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Pravin
Failed banks total for year 2009 zoom to 69 with 94 bank failures since 2008.
24 banks failed just in July only.

FDIC till now closed 5 banks today , 1 each in Oklahoma, Florida, Ohio,New Jersey and in Illinois.

Check all the failed banks at
http://portalseven.com/Failed-Banks-2009

Also check where banks are failing at
http://portalseven.com/Failed-Banks-2009
Aug 02nd, 2009 - 11:17 pm - Link - Report abuse 0
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Guest
I am currently working on a research project (MBA) about the bank failures. One interesting question is whether if the FDIC shut the banks down promptly - something that can potentially keep the FDIC from going “bankrupt” with the recent expensive failures. For example, according to WSJ:
http://s.wsj.net/public/resources/documents/info-Failed_Banks-sort.html
BankUnited costed $4.9 billion!

Another interesting set of reports I have found so far is from Money Economics:
http://s.wsj.net/public/resources/documents/info-Failed_Banks-sort.html

Please share if you have any good resources.
Aug 13th, 2009 - 04:07 am - Link - Report abuse 0
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