Friday, November 2, 2012

It's Bank Failure Friday!!!

It's been a pretty busy week.

First, the FDIC insured institutions. Here they are, ordered, and numbered for the year so far.
  1. Heritage Bank of Florida, Lutz, FL
  2. Citizens First National Bank, Princeton, IL
Full FDIC list

Also, we had 3 credit union closings:
  1. ​U.S. Central Bridge Corporate Federal Credit Union, Lexana, KS
  2. El Paso Federal Credit Union, El Paso, TX
  3. Women’s Southwest Federal Credit Union, Dallas, TX
Note that the U.S. Central Bridge Corporate Federal Credit Union is a corporate credit union, which means that they are a credit union for the consumer credit unions, which serve the public, and provide services like account clearing and liquidity, so it's kind of a big deal.

Full NCUA list

So, here is the graph pr0n with last years numbers for comparison (FDIC only):

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