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Sunday, February 28, 2010

Bank Body Count

Two more banks fell this week:

- Carson River Community Bank, Nevada
- Ranier Pacific Bank, Washington

That brings to 22 the total for 2010. At 11 per month, that projects to 132 for the year, falling short of last year's total of 140. However, on the bright side, we are ahead of last year's pace, as the bulk of the failures occured in the second half of the year, so there is hope yet.

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