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Add 23 More to Failed Banks

In a little over one month 23 more banks have failed. Bank failures may not be making your local news  One might wonder why the local news doesn’t report local bank failures as local news. We are however, rolling at a record pace of bank failures in 2010. To see the complete list of bank failures go here .

Illinois, were the President played a roll in state politics, has a record 36 bank failures in just five months compared to Florida’s 29 bank failures during the same time frame.  Florida, California and Arizona were number one in foreclosures because baby-boomers started buying retirement homes and investors scarfed up property like candy. But Illinois? What is the connection with Illinois bank problems?  Could “ACORN” (the Association of Community Organizers for Reform Now) have played a role? What was Barrack Obama’s role with ACORN and the banking industry? How many Illinois banks donated to Barrack Obama’s political career?

The 23 banks that failed over the last 30 days.

Pinehurst Bank     Saint Paul  MN
Midwest Bank and Trust Company  Elmwood Park  IL
Southwest Community Bank     Springfield     MO
New Liberty Bank     Plymouth  MI
Satilla Community Bank     Saint Marys  GA
1st Pacific Bank of California     San Diego  CA
Towne Bank of Arizona     Mesa     AZ
Access Bank     Champlin MN
The Bank of Bonifay     Bonifay  FL
Frontier Bank     Everett  WA
BC National Banks     Butler     MO
Champion Bank     Creve Coeur     MO
CF Bancorp     Port Huron     MI
Westernbank Puerto Rico En Español     Mayaguez  PR
R-G Premier Bank of Puerto Rico  En Español     Hato Rey  PR
Eurobank En Español     San Juan     PR
Wheatland Bank     Naperville     IL
Peotone Bank and Trust Company   Peotone  IL
Lincoln Park Savings Bank     Chicago IL
New Century Bank     Chicago     IL
Citizens Bank and Trust Company of Chicago     Chicago  IL
Broadway Bank     Chicago  IL
Amcore Bank, National Association   Rockford  IL

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May 25, 2010 - Posted by | 1 | , , , , ,

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