Seven More U.S. Banks Declared Bankruptcy
Seven more U.S. banks went bankrupt and closed their doors in the United States. According to the announcement by the Federal Deposit Insurance Corporation (FDIC), the number has increased to 103 of U.S. bank failures this year alone.
According to U.S. banking regulators, figures released by the FDIC (Federal Deposit Insurance Corporation) indicate that the breakage rate in 2010 is evolving faster than in 2009.
Last year, in total, there were 140 bank failures in the United States. According to Sheila Bair, chairman of the FDIC, in the fourth quarter of 2009, the percentage of "problem" U.S. banks reached its highest level since 1992.
Bankruptcies are expected to continue and exceed the total of last year, when 140 U.S. banks were closed. This expectation, according to analysts, could contribute to instability in the U.S. economy, the strongest on the planet, and be passed around the world.
The American banks that closed their doors are Home Valley Bank (Oregon), Southwest USA Bank (Nevada), Community Security Bank (Minnesota), Thunder Bank (Kansas), Williamsburg First National Bank (South Carolina), Crescent Bank and Trust Company (Georgia) and Sterling Bank (Florida).
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