It's Bank Failure Friday!!!
And here they are, ordered, and numbered for the year so far.
- Pisgah Community Bank, Ashville, NC
- Sunrise Bank,Valdosta, GA
And here are the credit union closings:
- Lynrocten Federal Credit Union, Lynchburg, VA
Something odd is going on. In the past 3 weeks, the number of banks failures have more than doubled.
So, here is the graph pr0n with last years numbers for comparison (FDIC only):
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