12 Banks Fail in October 2010

Detective Krum

September 2010 saw 9 banks fail and October isn’t over yet and 12 banks have already failed. So how are we doing for the year. Here is the report.

Bank Failures 2010                                                          Bank Failures 2009

January 2010  – 15 banks failed      ————–                  6

February 2010 – 7 banks failed       —————              10

March 2010 – 19 banks failed          —————-                5

April 2010 – 23 banks failed             —————–              8

May 2010 – 14 banks failed              —————-                7

June 2010 – 8 banks failed               —————-                 9

July 2010 – 22 banks failed              —————–            24

August 2010 – 10 banks failed           ——————           15

September 2010 – 9 banks failed         ——————           11

October 2010 – 12 banks have failed so far. ———–          20

November 2010 -                                         —————–             9

December 2010 -                                         —————–            16

That makes 139 banks have failed since January 1, 2010.  From January 1, 2009 until December 31, 2009 140 banks failed.  If you look at the bank failures you notice the bailouts did NOT stop bank failures as alleged.  What banks failed in this October? Here is the list: