Another Friday Without Bank Failures - Updated 2010 Stats
It looks like the FDIC is taking its time after Thanksgiving to get back on track for bank closures. There were no bank failures today. The total number of bank failures for 2010 remains at 149. As a comparison, the total number of bank failures at this time last year was 130. The total number for all of 2009 was 140. We only have two more Fridays left in 2010 in which we'll see bank failures. I'm sure we won't see any bank failures for the last two Fridays of 2010 which are Christmas Eve and New Year's Eve.
I thought it would be interesting to update the state table that I last posted in October 8th. The table shows the number of bank failures by state so far in 2010. There have been 20 additional failures since October 8th.
Florida continues to be the top state with the most bank failures at 28. Georgia overtook Illinois for second place with 18 failures. Illinois is now in third place with 16 failures.
There were also no credit union liquidations this week. The total number of credit union liquidations for this year remains at 18. There were a total of 15 credit union liquidations in 2009.
| # | State | Number of 2010 bank failures as of 12/3/10 | |
| 1 | FL | 28 | **************************** |
| 2 | GA | 18 | ****************** |
| 3 | IL | 16 | **************** |
| 4 | CA | 12 | ************ |
| 5 | WA | 11 | *********** |
| 6 | MN | 7 | ******* |
| 7 | MO | 6 | ****** |
| 8 | SC | 4 | **** |
| 9 | NV | 4 | **** |
| 10 | MI | 4 | **** |
| 11 | MD | 4 | **** |
| 12 | AZ | 4 | **** |
| 13 | UT | 3 | *** |
| 14 | PR | 3 | *** |
| 15 | OR | 3 | *** |
| 16 | NY | 3 | *** |
| 17 | KS | 3 | *** |
| 18 | WI | 2 | ** |
| 19 | OH | 2 | ** |
| 20 | NM | 2 | ** |
| 21 | VA | 1 | * |
| 22 | TX | 1 | * |
| 23 | PA | 1 | * |
| 24 | OK | 1 | * |
| 25 | NJ | 1 | * |
| 26 | NE | 1 | * |
| 27 | MS | 1 | * |
| 28 | MA | 1 | * |
| 29 | LA | 1 | * |
| 30 | AL | 1 | * |
References:
- FDIC list of failed banks
- NCUA list of closed credit unions
- Texas Ratios for banks and credit unions
- Latest FDIC info on deposit insurance
- My bank failure review posts
- Review of the 2009 bank and credit union failures
- 10 Lessons from the 2008 bank failures
- Review of the 2008 credit union liquidations
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