{"id":189239,"date":"2010-04-30T21:13:00","date_gmt":"2010-05-01T02:13:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/04\/30\/its-bank-failure-friday-124\/"},"modified":"2010-04-30T21:13:00","modified_gmt":"2010-05-01T02:13:00","slug":"its-bank-failure-friday-124","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2010\/04\/30\/its-bank-failure-friday-124\/","title":{"rendered":"It&#8217;s Bank Failure Friday!!!!"},"content":{"rendered":"<p>And here they are, ordered, and numbered for the year so far.<\/p>\n<ol>\n<li value=\"58\"><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/eurobank-puertorico.html\">Eurobank<\/a>, San Juan, PR<\/li>\n<li><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/r-gpremier-puertorico.html\">R-G  Premier Bank of Puerto Rico<\/a>, Hato Rey, PR<\/li>\n<li><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/westernbank-puertorico.html\">Westernbank  Puerto Rico<\/a>, Mayaguez, PR<\/li>\n<li><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/cfbancorp.html\">CF  Bancorp<\/a>, Port Huron, MI<\/li>\n<li><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/champion.html\">Champion  Bank<\/a>, Creve Coeur, MO<\/li>\n<li><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/bc-natl.html\">BC  National Banks<\/a>, Butler, MO<\/li>\n<li><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/frontier.html\">Frontier  Bank<\/a>, Everett, WA<\/li>\n<\/ol>\n<p>An interesting note here is that there has been <a href=\"http:\/\/40yrs.blogspot.com\/2009\/03\/economics-update_13.html\">almost a year of of reports foreshadowing the Puerto Rican bank closures<\/a>, and this is 22 bank failures over 3 Friday evenings, 8 on the 16<sup>th<\/sup>, and 7 last week and this week.<\/p>\n<p>This ain&#8217;t pretty.<\/p>\n<p><a href=\"http:\/\/www.fdic.gov\/bank\/individual\/failed\/banklist.html\">Full FDIC list<\/a><\/p>\n<p>And here are the credit union closings, and I missed them:<\/p>\n<ol>\n<li value=\"5\"><a href=\"http:\/\/www.ncua.gov\/news\/press_releases\/2010\/MR10-0108.htm\">Kern  Central Credit Union<\/a>, Bakersfield, Ca<\/li>\n<li><a href=\"http:\/\/www.ncua.gov\/news\/press_releases\/2010\/MR10-0427TracyFCUnowservedbyValleyFirst.pdf\">Tracy  Federal Credit Union                         <\/a><span style=\"text-decoration: underline;\">,<\/span> Tracy, CA<\/li>\n<\/ol>\n<p>Kern was closed April 8, and Tracy was closed on April 27.  I guess that the NCUA does not wait until Fridays, sorry.<\/p>\n<p><a href=\"http:\/\/www.ncua.gov\/Resources\/ClosedCU\/2010.aspx\">Full NCUA list<\/a><\/p>\n<p>So, here is the graph pr0n with trendline (FDIC only):<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/img265.imageshack.us\/img265\/3646\/bankfail.png\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>And here they are, ordered, and numbered for the year so far. Eurobank, San Juan, PR R-G Premier Bank of Puerto Rico, Hato Rey, PR Westernbank Puerto Rico, Mayaguez, PR CF Bancorp, Port Huron, MI Champion Bank, Creve Coeur, MO BC National Banks, Butler, MO Frontier Bank, Everett, WA An interesting note here is that &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,985],"tags":[],"class_list":["post-189239","post","type-post","status-publish","format-standard","hentry","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189239"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=189239"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/189239\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=189239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=189239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=189239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}