Bank Failure Friday

[Ares]

6 failed tonight

Heritage Banking Group Carthage MS 14273 Trustmark National Bank April 15, 2011 April 15, 2011
Rosemount National Bank Rosemount MN 24099 Central Bank April 15, 2011 April 15, 2011
Superior Bank Birmingham AL 17750 Superior Bank, National Association April 15, 2011 April 15, 2011
Nexity Bank Birmingham AL 19794 AloStar Bank of Commerce April 15, 2011 April 15, 2011
New Horizons Bank East Ellijay GA 57705 Citizens South Bank April 15, 2011 April 15, 2011
Bartow County Bank Cartersville GA 21495 Hamilton State Bank April 15, 2011 April 15, 2011

http://www.fdic.gov/bank/individual/failed/banklist.html

[Ponce]

And wait till the dollar becomes junk.........no dollars for the banks? they will have to close down............
"A bank without cash is only an empty building".

[osoab]

Along with two Credit Unions.

# Texans Credit Union Placed into Conservatorship 4/15/2011 (http://www.ncua.gov/news/press_releases/2011/MR11-0415TexansCUConservatorship.pdf)
# Vensure Federal Credit Union Placed into Conservatorship 4/15/2011 (http://www.ncua.gov/news/press_releases/2011/MR11-0415VensureFCUPlacedIntoConservatorship.pdf)


Looks like FDIC has been picking up the pace. I think last week we had 2 or 3. I think we had a 3 week dry spell prior to that.