May 16th, 2011 
Travis Brown It’s not looking good.
As of this past Friday, 123 banks have failed through the first twenty weeks of the year (they release data on Mondays, so I counted weeks by the number of Mondays in 2011). We’re on pace for around 319-320 bank failures this year.
The number of failures isn’t everything though. Fortunately, despite the frequency, the size of these failures is much smaller. Most of the banks had less than or around $300 million assets with just a few in excess of a few billion (two – United Western Bank in Colorado and Superior Bank in Alabama). It’s the smaller guys going under, which doesn’t make for interesting news on a national scale, but they’re still going.
That said, don’t be concerned that your bank is going to fail. The FDIC has your back.
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