Well despite the Obama plan to dole out TARP money to suspect small banks it looks as if Sheila the Bair has not been dissuaded from her quest to cleanse the country of failing banks. Here are the links to a busy Friday for the FDIC.
First DuPage Bank, Westmont, Illinois
Riverview Community Bank, Ostego, Missesota
Bank of Elmwood, Racine, Wisconsin
Hillcrest Bank Florida, Naples, Florida
Flagship National Bank, Bradenton, Florida
American United Bank, Lawrenceville, Georgia
Partners Bank, Naples, Florida
Not a bad days work for the green eye shade crowd. Just for the sake of marking important milestones, Partners Bank has the dubious distinction of being the 100th failure this year. I’m not sure how they can memorialize that achievement but let’s not let it pass unnoticed.