BANK FAILURES 2020-2021
What is a bank failure?
A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This brochure deals with the failure of "insured banks." The term "insured bank" means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.
History is always Good!
A very brief history followed by some stunning graphs over the last several decades. John Kandrac's paper on Bank Failure, Relationship Lending, and Local Economic Performance does tend to hit the proverbial 'nail on the head'when it comes to banking today.