The FDIC must have been saving these up. There was only one last week (added to this list) and 6 this week. This brings up the total to 125 for this year.
Maritime Savings Bank, West Allis, WI
Bramble Savings Bank, Milford, OH
The Peoples Bank, Winder, GA
First Commerce Community Bank, Douglasville, GA
Bank of Ellijay, Elijay, GA
ISN Bank, Cherry Hill, NJ
Horizon Bank, Bradenton, FL
I wish to remind readers that I intend these announcements to be a positive thing for the economy. By trying to prevent bank closings, needed liquidity is thwarted from reaching the economy. This is one of the major factors hindering a recovery. Thus when you see the FDIC closing a bank, capital is no longer bring wasted and tied up in failed enterprises. It is a sign of an economy trying to recover.
You really think this is a sign of “recovery” still? What Planet are you living on? This is the sign of an economic House of Cards in the beginning stages of complete collapse. The fraud that is Capitalism is unravelling, and you have been given orchestra seats, center stage to watch the collapse.
RE