BANK FAILURE PACE SET TO FALL BELOW 2009 RATE

29 Jun

As of Friday June 24th, regulators have closed 48 banks in 2011, compared to 85 at this point last year. Assuming the FDIC is busy celebrating the 4th of July weekend and does not close any banks this Friday, the 2011 bank failure pace will fall below the 2009 rate.  (Click the image above to view an interactive analysis of the cumulative bank failure rates in 2008-2011.)

However, regulators may be forced to work this weekend as our latest count shows there are 150 active banks with Texas ratios over 200% (one of which has a ratio over 1,100%).

 

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