Year's tally of U.S. bank failures reaches 124 (5 banks closed Friday - Sept 17)

[UpInArms]

Source: http://www.marketwatch.com/story/years-tally-of-us-bank-failures-reaches-124-2010-09-17?siteid=bnbh

SAN FRANCISCO (MarketWatch) -- Three bank failures in Georgia and one in Ohio has brought 2010's tally to 124, according to the Federal Deposit Insurance Corp. on Friday. The banks closed by regulators include Bramble Savings Bank in Milford, Ohio; the Bank of Ellijay in Ellijay, Ga.; First Commerce Community Bank in Douglasville, Ga.; and the Peoples Bank in Winder, Ga. The four failures will cost the deposit-insurance fund about $240.1 million, the FDIC said. Earlier in the day, the agency reported the failure of ISN Bank in Cherry Hill, N.J.

Read more: http://www.marketwatch.com/story/years-tally-of-us-bank-failures-reaches-124-2010-09-17?siteid=bnbh

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Failed Bank List

Bank Name	          	City		State	CERT #	Closing Date		Updated Date

Maritime Savings Bank		West Allis	WI 	28612	September 17, 2010	September 17, 2010
Bramble Savings Bank		Milford		OH 	27808	September 17, 2010	September 17, 2010
The Peoples Bank		Winder		GA 	182	September 17, 2010	September 17, 2010
First Commerce Community Bank	Douglasville	GA 	57448	September 17, 2010	September 17, 2010
Bank of Ellijay			Ellijay 	GA 	58197	September 17, 2010	September 17, 2010
ISN Bank			Cherry Hill 	NJ 	57107	September 17, 2010	September 17, 2010

[BumRushDaShow]

1. Actually it's 6....

so far. :P

Am surprised about that one so close to here in Philly - the Cherry Hill, NJ one.

[Po_d Mainiac]

2. It should not have been a surprise..It's been dead for a couple years

Do you know what shape your bank is in?
http://banktracker.investigativereportingworkshop.org/banks/

[SlipperySlope]

3. And the FDIC is bankrupt as well.

They've long since spent all the money out of the FDIC funds.

[Vidar]

4. Close 'em all down & mandate credit unions.

[TheWatcher]

5. But don't you get it UIA? The worse things get the better the "Recovery" gets.

It's simple logic.

:crazy: