Home > Money and Finance, Obamanomics > Another Five Bank Failures… Seven so far in august.

Another Five Bank Failures… Seven so far in august.

On Friday the FDIC announced another five bank failures. The largest of these being Colonial Bank with 346 branches (6th largest failure in US history). That brings the total number of main and branch banks that have been closed or reorganized since IndyMac of Pasadena, CA went down a little more than a year ago to a whopping 3,433.

http://www.fdic.gov/bank/individual/failed/banklist.html

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