Fed Friday was unusually quiet this week as the regulators took a late August holiday from closing any banks. This is the first week since early July in which no banks failed. During this summer stretch, 32 banks had been closed over 7 Fridays.
The Bank Blog decided to take this momentary calm to double check our models and review some new data that came in. One bank, Michigan Commerce Bank, has drawn greater regulatory scrutiny recently. This has pushed the bank from 9th to 4th most likely to fail (with Shorebank and Community National Bank at Bartow at 5th and 6th ranked respectively already having already failed).
Sunday, August 29, 2010
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