27 Bank Closures in 2010
As of Friday March 19, 2010 – 7 more banks were shutdown by the FDIC.
The banks were drowning in real estate debt from making loans that they shouldn’t have been making. But who’s fault is that the consumer or the bank? The bank loan officer’s job is to qualify people and if they made loans to people that didn’t qualify that’s fraud on their part not the consumer.
Also I beat that these bankers credit won’t get messed up or their reputations either. They will just move on to another high paying bank job or they might still be in charge of the new bank after its taken over by the FED.
| State Bank of Aurora | Aurora | MN | 8221 | March 19, 2010 | March 19, 2010 |
| First Lowndes Bank | Fort Deposit | AL | 24957 | March 19, 2010 | March 19, 2010 |
| Bank of Hiawassee | Hiawassee | GA | 10054 | March 19, 2010 | March 19, 2010 |
| Appalachian Community Bank | Ellijay | GA | 33989 | March 19, 2010 | March 19, 2010 |
| Advanta Bank Corp. | Draper | UT | 33535 | March 19, 2010 | March 19, 2010 |
| Century Security Bank | Duluth | GA | 58104 | March 19, 2010 | March 19, 2010 |
| American National Bank | Parma | OH | 18806 | March 19, 2010 | March 19, 2010 |
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