Bank Failure Friday - And Then There Were Three

Just one bank failure this week, making the list for Bank Failure #3 of 2011.

  1. Oglethorpe Bank, Brunswick, Georgia, $80.4 million

The above includes the banks' cost estimates to the FDIC deposit insurance fund. For 2010, there were 157 bank failures.

Calculated Risk is going through some Federal Reserve meeting transcripts from 2005 and guess what was perceived as a definite sign of a housing bubble? The Discovery Channel TV show Flip That House.

Also worth reading is the unofficial problem bank list, last updated on January 8th. There are 932 banks on this list that are at risk for failure.

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