Last year 51 banks failed, compared with 92 in 2011, 157 in 2010 and 140 in 2009
Regulators on Friday closed a bank in Georgia, bringing the nationwide tally of bank failures to four for the year to date.
LaGrange, Ga.-based Frontier Bank was closed by the Georgia Department of Banking and Finance. Albany, Ga.-based HeritageBank of the South agreed to take over the failed bank as part of a purchase-and-assumption deal with the Federal Deposit Insurance Corp. It was Georgia's first bank failure this year.
Comment by B or D on March 12, 2013 at 10:31pm If Americans ever allow banks to control the issue of their currency, first by inflation and then by deflation, the banks will deprive the people of all property until their children will wake up homeless, wrote Thomas Jefferson years ago.
Post-crisis, the total decline in brand value of the Global Banking 500 stands at $209 billion and 84 per cent of the total loss in brand value is among the top 100 brands.
Comment by Sweettina2 on March 15, 2013 at 1:24am It has to fail, all of them. Until every banker, oil man, and politician is hung we will have no economy. We have no more industry...
Comment by Just Bill on March 23, 2013 at 3:29pm So I'm a dummy ... what does "brand value of the Global Banking 500" mean? Specifically, what is "brand value"?
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