U.S. Bank Closings past and present

[Vog46_1999]

On our previous board I had a thread about bank closings here in the U.S.
I tracked it weekly as the FDIC (Federal Deposit Insurance Corporation) closed banks on friday.
I kept a running total by month.
Since I believe that bank closings will accellerate this year I would like to re-create the thread here.
My last report for December of 09 looked like this:
Bank Closing Information - December 18, 2009
These links contain useful information for the customers and vendors of these closed banks.

First Federal Bank of California, Santa Monica, CA
Imperial Capital Bank, La Jolla, CA
Independent Bankers Bank, Springfield, IL
New South Federal Savings Bank, Irondale, AL
Citizens State Bank, New Baltimore, MI
Peoples First Community Bank, Panama City, FL
RockBridge Commercial Bank, Atlanta, GA

************************************************** *******

This now give us:
Dec 09 - 16 closings
Nov 09 - 9 closings
Oct 09 - 20 closings
Sept 09 - 11 closings
Aug 09 - 15 closings
July 09 - 24 closings
June 09 - 9 closing
May 09 - 7 closings
April 09 - 8 closings
Mar 09 - 5 closings
Feb '09 - 10 closing
Jan '09 - 6 closings
YTD '09 -140 closings

'08 - total closings 25
'07 - total closings 7

************************************************** *
No oher banks were closed in December

But I started again in January of 2010 and I am comparing the totals against last years numbers:
And so it starts:
http://www.fdic.gov/index.html
Bank Closing Information - January 8, 2010
These links contain useful information for the customers and vendors of these closed banks.

Horizon Bank, Bellingham, WA

************************************************** ***
Current month closings......(last years)
Jan2010............1................(6)


YTD 2010...........1
09.................140
08...................25
07....................7
**********************************************
Last week we had:
Bank Closing Information - January 22, 2010
These links contain useful information for the customers and vendors of these closed banks.

Columbia River Bank, The Dalles, OR
Evergreen Bank, Seattle, WA
Charter Bank, Santa Fe, NM
Bank of Leeton, Leeton, MO
Premier American Bank, Miami, FL

Which now gives us for January of 2010:
Current month closings......(last year)
Jan2010............6................(6)


YTD 2010...........6
09.................140
08...................25
07....................7
************************************************** ****
The commercial RE market here in the U.S. is in the toilet with huge amounts of available space and defaults galore. This will put pressure on local and regional banks who were tied heavily into the commercial real estate markets.

Best Regards
Vog

[Wile E]

Good thread. Like this idea.

[Vog46_1999]

From the FDIC today:


http://www.fdic.gov/index.html
Bank Closing Information - January 29, 2010
These links contain useful information for the customers and vendors of these closed banks.

American Marine Bank, Bainbridge Island, WA
First Regional Bank, Los Angeles, CA
Community Bank & Trust, Cornelia, GA
Marshall Bank, Hallock, MN
Florida Community Bank, Immokalee, FL
First National Bank of Georgia, Carrollton, GA
************************************************** *


Current month closings......(last year)
Jan2010............12................(6)


YTD 2010...........12
09.................140
08...................25
07....................7
************************************************** ****8

Fisrt month of the year is completed and we "ran" 100% over last year.
This is NOT good

Best Regards
Vog