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Economy: July Fdic Bank Closings
Views: 581
Jul 28 2012 05:10 PM | eds in Economy & Politics
Bank closing in JulyState . . Bank Name
------- -----------------------------
IL . . . Second Federal Savings and Loan Association of Chicago
KS . . . Heartland Bank
FL . . The Royal Palm Bank of Florida
GA . . First Cherokee State Bank
GA . . Georgia Trust Bank
GA . . Jasper Banking Company
GA . . . Montgomery Bank & Trust
MO . .Glasgow Savings Bank
FDIC BANK Closings
. . . 2007 . . . .3
. . . 2008 . . . 25
. . . 2009 . . .140
. . . 2010 . . .157
. . . 2011 . . . 92
. . . 2012 . . . 38
. . . . . . . . . -----
TOTAL . . . .455
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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