It's Bank Failure Friday!!!!
And here they are, ordered, and numbered for the year so far, and these are, of course, in addition to the rather unusual Thursday closing yesterday.
- Lakeside Community Bank, Sterling Heights, MI
- First Federal Bank of North Florida, Palatka, FL
- AmericanFirst Bank, Clermont, FL
- Riverside National Bank of Florida, Fort Pierce, FL
- Butler Bank, Lowell, MA
- Innovative Bank, Oakland, CA
- Tamalpais Bank, San Rafael, CA
- City Bank, Lynnwood, WA
8 banks is a busy week, the most closings so far this year.
So, here is the graph pr0n with trendline:
Looks to me that we are heading towards 150-175 failures in 2010.
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