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Friday, May 21, 2010

It's Bank Failure Friday!!!!

And here they are, ordered, and numbered for the year so far.

  1. Pinehurst Bank, St. Paul, MN
Full FDIC list

So it appears that the rapid pace of closures may be moderating somewhat.

And here are the credit union closings:
  1. Convent Federal Credit Union, New York, NY
Note that this credit union has nothing to do with Nuns, it was served members of the Convent Avenue Baptist Church.

It's a tiny institution, with fewer than 300 members.

Full NCUA list

So, here is the graph pr0n with trendline (FDIC only):

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