Do you see it? Public Savings Bank, of Huntingdon Valley, PA was closed yesterday, a Thursday.
The only other time I remember the FDIC closing a bank on a not-Friday, it was when senior bank executives were facing a criminal indictment as well.
That's my guess anyway. These non-Friday closings tend to be associated with breaking news of some sort of criminality.
In any case, here are the bank failures, ordered, and numbered for the year so far.
- Public Savings Bank, Huntingdon Valley, PA
- Lydian Private Bank, Palm Beach, FL
- First Southern National Bank, Statesboro, GA
- First Choice Bank, Geneva, IL
So, here is the graph pr0n with last years numbers for comparison (FDIC only):
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