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Bank Failure History and 2010 Bank Failure Predictions

Saturday, February 20, 2010 - 12:06 PM
Calculated Risk Blog's post has some interesting charts of the bank failure history. How many bank failures should we expect for this year? CR isn't specific in his prediction:
My prediction is the FDIC will close more banks in 2010 than in 2009 (more than 140), but fewer banks than in 1989 - peak of the S&L crisis (534 banks).
I predicted 300, but based on February, it may be too high.

Four banks failed yesterday including La Jolla Bank. There was a very interesting note regarding a small Texsa bank that failed yesterday.
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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