It’s Bank Failure Friday!!!! (Delayed for Holiday)

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I’ve been off line for Yom Kippur, so this is a day late.

And here they are, ordered, and numbered for the year so far.

  1. ISN Bank, Cherry Hill, NJ
  2. Bank of Ellijay, Elllijay, GA
  3. First Commerce Community Bank, Douglasville, GA
  4. The Peoples Bank, Winder, GA
  5. Bramble Savings Bank,Milford, OH
  6. Maritime Savings Bank, West Alis, WI

So, after 3 weeks with only one bank closing, we have 6 this week, plus the one credit union closed below.

This number appears to be on the fast track for breaking 150 this year.

Full FDIC list

And here are the credit union closings:

  1. Industries Puerto Rico Federal Credit Union,

Full NCUA list

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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