Bank Hell: Now Serving Number 106

Here’s a stat that doesn’t get a ton of attention but continues to increase…

From the AFP:

WASHINGTON — The number of failed regional US banks exceeded 100, after authorities announced the collapse of seven more financial institutions around the country.

A total of 106 regional banks failed in the United States this year, a figure not seen since 1992.

Partners Bank of Naples, Florida, which had capital of 65.5 million dollars, became the 100th bank shut down in the country since the beginning of the year, the Federal Deposit Insurance Corporation announced.

No wonder they’re not lending…many of ’em can’t.

Party On, Garth.

Read Also: 

Good Bank Bad Bank by Dr Seuss (TRB)

What's been said:

Discussions found on the web
  1. tangerine bank account online commented on Jan 17

    … [Trackback]

    […] Info to that Topic: […]

  2. Regression Testing commented on Jan 18

    … [Trackback]

    […] Info to that Topic: […]

  3. Kimber Guns In Stock commented on Jan 21

    … [Trackback]

    […] Read More on that Topic: […]