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Economy: April Fdic Bank Closings

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Bank closing in Apr.
State . . Bank Name
------- -----------------------------
CA . . . Palm Desert National Bank
MD . . . Bank of the Eastern Shore
MD . . . HarVest Bank of Maryland
MN . . . Inter Savings Bank, fsb D/B/A InterBank, fsb
NJ . . .Fort Lee Federal Savings Bank, FSB
SC . . . Plantation Federal Bank

FDIC BANK Closings
. . . 2007 . . . .3
. . . 2008 . . . 25
. . . 2009 . . .140
. . . 2010 . . .157
. . . 2011 . . . 92
. . . 2012 . . . 21
. . . . . . . . . -----
TOTAL . . . .438

I intend these announcements to be a positive thing.
. . . 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.

Source: fdic
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