Posting this a little late, but Friday are now officially called Bank Fail Friday because in most cases that is when the Feds shut down financial institutions.
We had three failures today, a light docket since the FDIC has been average around 4 a week since January.
The big failure was Corus Bank - this one is going to leave a mark.
Not to be outdone, Washington had Venture Bank shut down by the federales this afternoon...and Rainier Pacific Bank is now operating under a cease and desist order.
Good times!
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