64: The Number of Banks Closed In The US This Year

August 13, 2011 9:09 pm

We spotted this today:

“Regulators closed the 64th bank in the U.S. so far this year on Friday, shutting down First National Bank of Olathe, located in Olathe, Kansas.

An anemic economic recovery continues to pressure the nation’s banking system, especially smaller community banks.

The pace of closures appears to be slowing this year after 157 were shut down in 2010 and 140 failed in 2009. The FDIC expects the year-end tally to be below last year’s total.”

Statistics Source: Reuters

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