Friday Night Failed-Bank Follies

If this is Friday, it must be time for the FDIC to update its list of failed banks. For the third week running The FDIC has taken down threefour banks, bringing the total so far this year to twelvethirteen. To put it in some sort of context, that is more than failed in the U.S. from 2003 to 2007.

Here is this week’s list:

Bank Name Closing Date Updated Date
Pinnacle Bank of Oregon, Beaverton, OR February 13, 2009 February 13, 2009
Corn Belt Bank and Trust Company, Pittsfield, IL February 13, 2009 February 13, 2009
Riverside Bank of the Gulf Coast, Cape Coral, FL February 13, 2009 February 13, 2009
Sherman County Bank, Loup City, NE February 13, 2009 February 13, 2009

[Updated] Had to update the post to include Pinnacle Bank in Beaverton, which was a late West Coast add.

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