tag:blogger.com,1999:blog-13474985.post6803420002412978973..comments2014-06-25T04:10:35.505-03:00Comments on Grant Montgomery - Rants on the Economy: More bank failuresGrant Montgomeryhttp://www.blogger.com/profile/18257172239750833819noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-13474985.post-42378182025091899892012-01-10T00:22:13.282-04:002012-01-10T00:22:13.282-04:00January 2012 - For a year-by-year summary:
In 201...January 2012 - For a year-by-year summary:<br /><br />In 2011, 92 banks went under.<br /><br />In 2010, 157 banks went under.<br /><br />In 2009, 140 banks went under.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-61032885799586441992010-01-23T20:40:17.088-04:002010-01-23T20:40:17.088-04:00Jan 23, 2010 - Regulators seized five banks in Flo...Jan 23, 2010 - Regulators seized five banks in Florida, Missouri, New Mexico, Oregon and Washington, lifting the total number of failures this year to nine as financial institutions struggle with loan defaults and a weak economy.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-43316338451982545512010-01-09T00:49:18.345-04:002010-01-09T00:49:18.345-04:00January 8, 2010 - Regulators shut Horizon Bank in ...January 8, 2010 - Regulators shut Horizon Bank in Bellingham, Wash., on Friday, the first bank closing of 2010.<br /><br />The 140 bank failures last year were the highest annual tally since 1992 at the height of the savings and loan crisis. They cost the insurance fund more than $30 billion last year. The failures compare with 25 in 2008 and three in 2007.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-86404482391128062972009-12-18T20:51:49.102-04:002009-12-18T20:51:49.102-04:00December 18 update: Regulators shut down banks in ...December 18 update: Regulators shut down banks in Alabama, Florida, Georgia, Illinois and Michigan, bringing to 138 the number of U.S. banks brought down this year by the weak economy and mounting loan defaults.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-10487010656921704732009-12-12T11:31:13.641-04:002009-12-12T11:31:13.641-04:00Dec. 12 update: Regulators have shut down banks in...Dec. 12 update: Regulators have shut down banks in Florida, Arizona and Kansas, bringing to 133 the number of U.S. banks that have failed to hold up this year against the struggling economy and a cascade of loan defaults.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-17532177740373987632009-12-07T14:12:15.052-04:002009-12-07T14:12:15.052-04:00December 7 update: After a brief holiday respite, ...December 7 update: After a brief holiday respite, bank failures came back with a vengeance this week. The FDIC and its fellow regulators closed 6 institutions, bringing the total to 130 for the year. These latest bank failures will cost the FDIC’s deposit fund an estimated $2.38 billion.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-54549264902732689932009-11-26T01:17:12.023-04:002009-11-26T01:17:12.023-04:00Nov. 25 update: The 124th bank failure recorded th...Nov. 25 update: The 124th bank failure recorded this year, but fears persist that the number will multiply in months ahead because banks are still taking losses on mortgage-related loans and face growing problems with commercial real estate.<br /><br />552 lenders are still at risk of going under, according to a government report published yesterday. The FDIC's problem list has climbed to its highest level since 1993.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-5770602582597758862009-11-14T02:17:21.292-04:002009-11-14T02:17:21.292-04:00Nov. 13 update: Regulators today shut down two ban...Nov. 13 update: Regulators today shut down two banks in Florida and one in California, boosting to 123 the number of U.S. bank failures this year.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.comtag:blogger.com,1999:blog-13474985.post-6339500593266573712009-11-07T02:35:36.333-04:002009-11-07T02:35:36.333-04:00Nov. 6 update: Regulators today shut banks in Geor...Nov. 6 update: Regulators today shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120.Grant Montgomeryhttps://www.blogger.com/profile/18257172239750833819noreply@blogger.com