2012 Bank Failures

[James48843]

Friday Night Failures over at the FDIC.

Four new bank failures listed tonight on the FDIC website:

June 8, 2012
These links contain useful information for the customers and vendors of these closed banks.

Waccamaw Bank, Whiteville, NC
Farmers and Traders State Bank, Shabbona, IL
Carolina Federal Savings Bank, Charleston, SC
First Capital Bank, Kingfisher, OK

Here is the master list of bank failures:
http://fdic.gov/bank/individual/failed/banklist.html

 

[PessOptimist]

James, you are always just so cheerful.

Keep us posted on the H.R. 5652 progress and other "screw the fed" bills.

PO

 

[James48843]

Friday Night Failure Follies at it again. Three banks failed tonight , and are posted on the FDIC.GOV website

June 15, 2012
These links contain useful information for the customers and vendors of these closed banks.

The Farmers Bank of Lynchburg, Lynchburg, TN
Security Exchange Bank, Marietta, GA
Putnam State Bank, Palatka, FL

 

[PessOptimist]

James, you are always just so cheerful.

Keep us posted on the H.R. 5652 progress and other "screw the fed" bills.

PO

Thanks again James. Comments on bills appreciated.

 

[ILoveTDs]

James

I see this thread is new and pretty much your baby. Just wanted to say I appreciate it, it gives a unique pulse on the economy. Please keep it up if you can.

 

[James48843]

Friday night Bank failures- FIVE last night on the FDIC page:

July 20, 2012
These links contain useful information for the customers and vendors.

Second Federal Savings and Loan Association of Chicago, Chicago, IL
Heartland Bank, Leawood, KS
First Cherokee State Bank, Woodstock, GA
Georgia Trust Bank, Buford, GA
The Royal Palm Bank of Florida, Naples, FL

 

[Frixxxx]

Looks like we're slowing down:

Bank failures 2012 YTD

 

[nnuut]

Banks can't make money because interest rates are so low, retirees can't live on the interest made by their nest egg because interest rates are too low. The government can't raise interest rates due to the National Debt being so high if they did we couldn't afford the payments. How did we get here, devaluing the dollar and they're doing it again.

 

[Scout333]

Banks can't make money because interest rates are so low, retirees can't live on the interest made by their nest egg because interest rates are too low. The government can't raise interest rates due to the National Debt being so high if they did we couldn't afford the payments. How did we get here, devaluing the dollar and they're doing it again.

Well we've had the Internet bubble, the real estate bubble, and NOW!! the Federal debt bubble. What happens when a bubble bursts? Well we all know the answer to that one!
Geez thats depressing!

 

[Frixxxx]

Update:

Bank failures of 2012 - 3 more last week