Seven More Banks Fail – Now, 103 For The Year

Last Monday, we noted that July 16 saw the most bank failures – six – since April 30, when seven banks failed, and that 96 banks had failed this year. Well, folks, this past Friday, July 23, saw seven more failures – tied for the most of any day this year – and the number of failed banks blew by 100 since January 1; there now are 103. 

The seven banks are Home Valley Bank, SouthwestUSA Bank, Community Security Bank, Thunder Bank, Williamsburg First National Bank, Crescent Bank and Trust Company, and Sterling Bank, from Oregon, Nevada, Minnesota, Kansas, South Carolina, and Georgia, respectively.