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23 banks and 345 branches have gone down the drain in the month of April 2010 alone.
Our situation is far worse and far more dire than just these bank failures. One has to investigate from the FDIC Press Release just how many branches belong to each bank that fails. Put on your intellectual seatbelts:
Week of April 29, 2010
Frontier Bank Everett, Washington 51 Branches
BC National Banks Butler, Missouri 4 Branches
Champion Bank Creve Coeur, Missouri 1 Branch
CF Bancorp Port Huron, Michigan 22 Branches
Western Bank Puerto Rico Mayaguez, Puerto Rico 46 Branches
R-G Premier Bank of Puerto Rico Hato Rey, Puerto Rico 29 Branches
Eurobank San Juan, Puerto Rico 22 Branches
Week Of April 23, 2010
Wheatland Bank Naperville, Illinois 1 Branch
Peotone Bank And Trust Peotone, Illinois 2 Branches
Lincoln Park Savings Bank Chicago, Illinois 4 Branches
New Century Bank Chicago, Illinois 3 Branches
Citizens Bank Chicago, Illinois 1 Branch
Broadway Bank Chicago, Illinois 4 Branches
Amcore Bank Rockford, Illinois 58 Branches
Week Of April 16, 2010
City Bank Lynnwood, Washington 8 Branches
Tamalpais Bank San Rafael, California 7 Branches
Innovative Bank Oakland, California 4 Branches
Butler Bank Lowell, Massachusetts 4 Branches
American First Bank Clermont, Florida 3 Branches
First Federal Bank North Florida 8 Branches
Riverside National Bank Fort Pierce, Florida 58 Branches
Lakeside Community Bank Sterling Heights, Michigan 1 Branch
Week Of April 9, 2010
Beach First National Bank Myrtle Beach, South Carolina