It’s Bank Failure Friday!!!!

No FDIC closures, so the count for this year remains at 139, see the full FDIC list, but there was a credit union failure:

  1. Phil-Pet Federal Credit Union, Pampa, TX

Full NCUA list

It does seem like the trend is slowing, but it’s still pretty awful.

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

I would note that are now at the point where the utility of the least squares trendline is diminishing, but I’m keeping it here for historical purposes.

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