Bank Failures In Nevada and Illinois Bring Year’s Total To 28

Regulators closed two small banks in Nevada and Illinois bringing the total number of banking failures for 2011 to 28. During 2010, there were a total of 157 banking failures, the most since 1992 when 181 banks failed.  A total of 140 banking failures occurred during 2009 and 25 in 2008. Although the pace of […]