It's Bank Failure Friday!!!!
And here they are, ordered, and numbered for the year so far.
- Gulf State Community Bank, Carrabelle, FL
- Allegiance Bank of North America, Bala Cynwyd, PA
- First Banking Center, Burlington, WI
So, we haven't hit 150 failures yet this year, but it's pretty clear that we will, even though it seems to be trending down a bit over the past few months.
So, here is the graph pr0n with trendline (FDIC only):
I would note that are now at the point where the utility of the least squares trendline is diminishing, but I'm keeping it here for historical purposes.
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