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Tilted Cat Head
Administrator
Location: Manhattan, NY
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ratbastid, it's not a trickle. I wouldn't call it a flood, but it's definitely not a trickle. I've been following this each and every month for the past few years now. It is what indicators I used to determine what a good time to buy was.
If anyone has money to buy commercial property, this is the year to buy it. I wish that I did.
This article puts together what the total assets and the total deposits.
This link is the FDIC failed bank list.
Quote:
Bank Failure - 2009 Failed Banks | CalculatorPlus.com
The collapse of the housing market, and the increase in mortgage delinquencies and home foreclosures, coupled with the credit crisis have all led to a dramatic increase in bank failures over the past few years. When banks fail, the FDIC is appointed as receiver. Depositors are protected up to the FDIC insurance limit. In most cases, the FDIC arranges for the branches and insured deposits to be transferred to another well capitalized bank, and banking services for the failed bank's customers generally continue uninterrupted.
Since the start of the financial crisis in 2007, there have been 174 bank failures with assets totaling a staggering $549.7 billion and deposits totaling $376.3 billion.
2010 is continuing where 2009 ended, with the FDIC and state regulators closing more banks. Through January 22nd, the FDIC and Bank Regulators closed 6 banks with assets totaling $2.6 billion and at a cost to the FDIC's Deposit Insurance Fund (DIF) of $928.5 million.
In 2009, there were 140 bank failures with assets totaling $170.9 billion and at a cost to the FDIC's DIF of $36.43 billion, the five largest bank failures being BankUnited with $12.8 billion in assets, Colonial Bank with $25 billion in assets, Guaranty Bank with $13 billion in assets, United Commercial Bank with $11.2 billion in assets, and AmTrust Bank with $12 billion in assets
In 2008, there were 25 bank failures with assets totaling $373.6 billion. Washington Mutual Bank, which failed Feb 2008 and with assets totaling $307 billion, is by far the largest US bank failure in recent history. Below is a list of bank failures, compiled from the FDIC's failed bank data.
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This link shows pretty graphs and numbers.
Calculated Risk: FDIC Bank Failure Update
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