The FDIC was wielding its deadly scythe throughout the land today. It managed to cut down five banks today.
Here are the links:
FirstbankAmericano, Elizabeth, New Jersey
Peoples Community Bank, Westchester, Ohio
First State Bank of Altus, Altus, Oklahoma
If you’re keeping track that makes 69 for the year. I think it’s time to start a little contest on the total number of failures for the year. I’m going to guess 200. Feel free to submit a number and figure out some sort of fantastic prize to be awarded to the winner.