It’s Bank Failure Friday!!!!

And here they are, ordered, and numbered for the year so far.

  1. Eurobank, San Juan, PR
  2. R-G Premier Bank of Puerto Rico, Hato Rey, PR
  3. Westernbank Puerto Rico, Mayaguez, PR
  4. CF Bancorp, Port Huron, MI
  5. Champion Bank, Creve Coeur, MO
  6. BC National Banks, Butler, MO
  7. Frontier Bank, Everett, WA

An interesting note here is that there has been almost a year of of reports foreshadowing the Puerto Rican bank closures, and this is 22 bank failures over 3 Friday evenings, 8 on the 16th, and 7 last week and this week.

This ain’t pretty.

Full FDIC list

And here are the credit union closings, and I missed them:

  1. Kern Central Credit Union, Bakersfield, Ca
  2. Tracy Federal Credit Union , Tracy, CA

Kern was closed April 8, and Tracy was closed on April 27. I guess that the NCUA does not wait until Fridays, sorry.

Full NCUA list

So, here is the graph pr0n with trendline (FDIC only):

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