for reference the average amount o collapsed banks pre year BEFORE the recession was about 3 or less. We aren't out of the woods yet.
http://www.fdic.gov/bank/individual/failed/banklist.html

Georgia lost so many banks because each of the 182 counties in the state and most small cities and towns had their own 'Community Bank' that serviced a few hundred to a few thousand clients. Its part of the culture that businesses in Cumming deal with First Community bank of Cumming.

With the recession, deposits dwindled as more people lived paycheck to paycheck and business accounts closed along with the business that owned them. Since these community banks were heavily invested in serving small local businesses with commercial building loans, they ride the razors edge. One or two mid size businesses fail and the bank sinks too.

/Georgia banker
//still dozens more to fail next year

Well, what font were the other three of four in?

I'll just leave THIS (new window) here.

Randomly: /Georgia banker
//still dozens more to fail next year


So far I have been with 3 failed banks, Chastatee State, Park Avenue Bank, and Patriot Bank. I think I may have to go to Chase, for a personal account now, moved to Patriot after the same bank acquired Chastatee and PAB since I will not have my personal and business accounts in the same bank.

Georgia was intended to be a safe haven for debtors.

Randomly: Georgia lost so many banks because each of the 182 counties in the state and most small cities and towns had their own 'Community Bank' that serviced a few hundred to a few thousand clients. Its part of the culture that businesses in Cumming deal with First Community bank of Cumming.

With the recession, deposits dwindled as more people lived paycheck to paycheck and business accounts closed along with the business that owned them. Since these community banks were heavily invested in serving small local businesses with commercial building loans, they ride the razors edge. One or two mid size businesses fail and the bank sinks too.

This plus there are a lot of stupid people in the south.

Randomly: Georgia lost so many banks because each of the 182 counties in the state and most small cities and towns had their own 'Community Bank' that serviced a few hundred to a few thousand clients. Its part of the culture that businesses in Cumming deal with First Community bank of Cumming.

With the recession, deposits dwindled as more people lived paycheck to paycheck and business accounts closed along with the business that owned them. Since these community banks were heavily invested in serving small local businesses with commercial building loans, they ride the razors edge. One or two mid size businesses fail and the bank sinks too.

/Georgia banker
//still dozens more to fail next year

Interesting. I'd been wondering why so many of the banks failing seemed to be in Georgia. That makes some sense.

Meanwhile the Fed is quietly bailing out European banks. (new window)

Your tax dollars at work to ensure these bankers get their Christmas bonuses.

Didn't Mr. Bernake make a public refusal to assist European banks with American funds this week?

n

This poster says: Didn't Mr. Bernake make a public refusal to assist European banks with American funds this week?



Silly rabbit. What they say publicly and what they do behind the veil of media blackouts are two different things.

Tom_Slick:
So far I have been with 3 failed banks, Chastatee State, Park Avenue Bank, and Patriot Bank. I think I may have to go to Chase, for a personal account now, moved to Patriot after the same bank acquired Chastatee and PAB since I will not have my personal and business accounts in the same bank.

Maybe you're Patient Zero?

/Robins Federal Credit Union FTW.

I wonder wat the overall percentage for red states was.

FDIC.gov, every Friday after 5pm ET (except for Fed holiday weekends), they close a few banks and list the transactions.

Percentage for red states is balanced out a little by banks in CA and IL, but yeah the red states are overrepresented in the total. Here's the list: http://fdic.gov/bank/individual/failed/banklist.html

And no, I can't read, since the link for the list is already in the Weeners. Guess I'm qualified to be a bank officer!

fark translate test. Combined the words first and comment, got Weeners instead of Weeners. Weird.

Capitalism is working! Eventually there will be one provider of each service or product - the BEST provider.