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Economy: May Fdic Bank Closings

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Bank closing in May
State . . Bank Name
------- -----------------------------
FL . . . Security Bank, National Association

FDIC BANK Closings
. . . 2007 . . . .3
. . . 2008 . . . 25
. . . 2009 . . .140
. . . 2010 . . .157
. . . 2011 . . . 92
. . . 2012 . . . 22
. . . . . . . . . -----
TOTAL . . . .439

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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