It's Bank Failure Friday!!!!
And here they are, ordered, and numbered for the year so far.
- Fort Lee Federal Savings Bank, FSB,Fort Lee, NJ
One bank closing this week, and the first in three weeks.
17 bank failures in 16 weeks, and half of those were in the first 6 weeks, and the trend is down.
I'm thinking that we won't break 50 this year.
So, here is the graph pr0n with last years numbers for comparison (FDIC only):
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