A total of 775 banks were on the Federal Deposit Insurance Corp.’s list of “problem” institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets. There were 702 on the FDIC’s “problem” bank list at the end of 2009 and 252 at the end of 2008. FDIC officials said they expected the number of failed banks to peak this year after climbing steadily over the past three years. Regulators have shut 72 banks so far this year, more than double the number closed by this time last year. A total of 237 banks have failed since the beginning of 2008.
The list is kept secret to prevent a run on those banks. This list reports banks which have failed since October 1, 2000.
|Last Updated 05/21/2010|
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