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Only 2 banks were closed this week according to the FDIC’s Friday announcements: Rainier Pacific Bank Carson River Community Bank In the Q4 FDIC report: For the full year, the number of reporting institutions fell from 8,305 to 8,012. Only 31 new charters were added in 2009, the smallest annual total since 1942. Mergers absorbed 179 institutions during the year, and 140 [...] Here are the latest bank closings since my last post on this (January 15). There have been 20 closings in 2010. From FDIC: La Jolla Bank, FSB, La Jolla, CA From The OCC: The First National Bank of [...] It didn’t take long for the Wall Street Journal and the government to catch up with The Daily Capitalist, which surprises me since they usually take much longer. But here’s yesterday’s headline, which came out after I published Part II of my “State of the Economy Part II” article on real estate, banking, and credit liquidity: “TARP Panel: [...] The FDIC and OCC announced six more failed banks on Friday: American Marine Bank, Bainbridge Island, WA According to Calculated Risk, there have been 15 closures in 2010, 140 in 2009, and a total [...] By Jeff Harding. Here’s the latest on bank closures – 9 more. I think that’s 115. North Houston Bank, Houston, TX
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