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Bank Failures in America

FOOUS FYI BUSINESS DATA & INFOGRAPHICS BY FOCUS.cOM BANK FAILURES IN AMERICA IN HOW MANY BANKS HAVE BEEN SEIZED? IN 2009 173 REGULATORS SIEZED BANKS JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 1 JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER 141 20 JANUARY MONTH 11 # # OF BANKS SIEZED “While the economy is showing signs of improvement, recovery in the banking industry tends to lag behind other sectors. We expect to see the level of failures continue to be high during 2010." Mitchell Glassman, Director of the FDIC's Division of Resolutions and Receiverships WHAT DOES IT MEAN WHEN A BANK FAILS? The FDIC closes a bank when capital levels are too low, or it can no longer operate. The FDIC seizes the bank's assets and then it either operates the bank for a short time as a federal bank, or sells it to a stronger bank. Many, but rarely all bank employees are maintained. FDIC FAILED BANK STRONGER BANK WHERE ARE BANKS FAILING? BANK SEIZURES BY STATE (TOP 10 STATES LABELED) FROM 2000-2008 ##OF SEIZURES IN STATE 1-10 SEIZURES 10-20 SEIZURES 20-30 SEIZURES WHY ARE BANKS FAILING? For years, if a bank did not continue to loosen the terms of their loans they would no longer grow, because of the race to the bottom in the banking industry. A wide variety of problems has lead to the failing of banks around the country. Some banks fail because of bad loans, such as real estate, construction, or mortgage loans. Meanwhile other banks fail because of bad securities. These bad loans had become the status quo in the banking industry, and safe bankers who avoided such loans were thought to be missing a golden opportunity. 2008 2009 2010

Bank Failures in America

shared by Kristofferson on May 24
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In 2009, a startling number of banks were seized and quietly closed down on weekends to avoid causing panic. This infographic takes a look at what it means when and why banks fail, and where the large...

Publisher

Focus

Designer

E.J. Fox

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Unknown. Add a source

Category

Economy
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