Economic Charts

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Saturday, October 2, 2010

Weekly Bank Failures for 2010

We lost 2 more banks this week, bringing the total losses to 129 year-to-date.  The losses came to the states of Washington and Florida.  Washington lost Shoreline Bank located in Shoreline, WA and Florida lost Wakulla Bank located in Crawfordsville, FL.  As you can see the graph Florida leads all states in the number of failed banks.
2009 had a total of 140 banks failed, we are now 11 banks away from reaching 2009's number.  To get an idea of the number we lose week over week, the following graph shows failures per week and a 4 week Moving Average (MA) for trending reference.

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