It's Bank Failure Friday!!!!
It's been a busy week, with closings of both bank and credit unions this week, 3 banks, one credit union, which is the most action we've seen since mid May.
And here they are, ordered, and numbered for the year so far.
- First Chicago Bank & Trust, Chicago, IL
- Colorado Capital Bank,Castle Rock, CO
- Signature Bank, Windsor, CO
And here are the credit union closings:
- Borinquen Federal Credit Union, Philadelphia, PA
So, here is the graph pr0n with last years numbers for comparison (FDIC only):
It's better than last year but still plenty ugly.
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