This week the FDIC had 5 bank failures bringing the total number of banks failed to 39 institutions. This past week we lost Community Central Bank in Mount Clemens Michigan, The Park Avenue Bank in Valdosta Georgia, First Choice Community Bank in Dallas Georgia, Cortez Community Bank in Brooksville Florida and First National Bank of Central Florida in Winter Park Florida. The past 2 weeks have shown an acceleration in the number of lost banks. We'll have to see if this trend continues and/or accelerates. Currently the number of banks failed is behind 2010's number at this point one year earlier.
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