And here they are, ordered, and numbered for the year so far.
- Eurobank, San Juan, PR
- R-G Premier Bank of Puerto Rico, Hato Rey, PR
- Westernbank Puerto Rico, Mayaguez, PR
- CF Bancorp, Port Huron, MI
- Champion Bank, Creve Coeur, MO
- BC National Banks, Butler, MO
- Frontier Bank, Everett, WA
An interesting note here is that there has been almost a year of of reports foreshadowing the Puerto Rican bank closures, and this is 22 bank failures over 3 Friday evenings, 8 on the 16th, and 7 last week and this week.
This ain’t pretty.
And here are the credit union closings, and I missed them:
- Kern Central Credit Union, Bakersfield, Ca
- Tracy Federal Credit Union , Tracy, CA
Kern was closed April 8, and Tracy was closed on April 27. I guess that the NCUA does not wait until Fridays, sorry.
So, here is the graph pr0n with trendline (FDIC only):
