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Economy: June Fdic Bank Closings
Views: 618
Jun 16 2012 09:30 PM | eds in Economy & Politics
Bank closing in JuneState . . Bank Name
------- -----------------------------
FL . . . Putnam State Bank
GA . . . Security Exchange Bank
IL . . . Farmers' and Traders' State Bank
NC . . . Waccamaw Bank
OK . . . First Capital Bank
SC . . . Carolina Federal Savings Bank
TN . . . The Farmers Bank of Lynchburg
FDIC BANK Closings
. . . 2007 . . . .3
. . . 2008 . . . 25
. . . 2009 . . .140
. . . 2010 . . .157
. . . 2011 . . . 92
. . . 2012 . . . 30
. . . . . . . . . -----
TOTAL . . . .447
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
