It’s Bank Failure Friday!!!! (on Saturday)

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

  1. The Bank of Miami,N.A., Coral Gables, FL
  2. Chestatee State Bank, Dawsonville, GA
  3. Appalachian Community Bank, FSB, McCaysville, GA
  4. United Americas Bank, N.A.,Atlanta, GA
  5. First Southern Bank, Batesville, AR
  6. Community National Bank, Lino Lakes, MN

Full FDIC list And here are the credit union closings:

  1. Beehive Credit Union, Salt Lake City, UT

Full NCUA list

So, 6 banks this Friday, and one credit union on the 14th.

That’s a pretty busy week, though part of this might be that the regulators are closing banks this week because they do not want do do closings over the Christmas or New Years holidays.

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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