Thursday, September 04, 2008

Who Will Be Next?

There has been two bank failures in two weeks. Colombian National (Topeka, KS) on August 22 and Integrity Bank (Alpharetta, GA) on August 29. Before that it was First Priority (Bradenton, FL) on August 1. Leaving me to wonder with so many bank failures who will be next? What bank will be taken over by the FDIC, come this Friday Sept. 6?

I know it may be pessimistic, but with 117 banks on the FDIC watch list, it isn't beyond the realm of possibility, that another bank could be ordered closed this Friday.


There is word though that a California Credit Union was taken over by the National Credit Union Administration (NCUA). The NCUA is the Federal agency, that is the credit union version of the banks FDIC. So perhaps, that will be this weeks takeover. I guess time will tell.
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go ahead share your thoughts with me now.

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Posted by Prince of Thrift at 9/04/2008 07:14:00 AM
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