FDIC Bank Failures November 2011

I briefly mention I try weekly to review the FDIC webpage to see what banks they shut down Friday evening. Well it is a bad weekend for another bank share holders.

Community Bank of Rockmart is the nation’s 88th banking failure of 2011 and the 23rd in Georgia, which leads the nation in banking failures.  The cost to close failed Community Bank is $14.5 million.

See the entire story @ this link

PS the US Dollar Index is showing signals it is bullish. What effect would you notice well the effect on Oil price may go lower short term. The bad effect it can cause more harm to the U.S. economy a cheep dollar makes the U.S. products and services cheaper to the global markets. It also makes people to travel to the U.S. for vacation and spend money here instead of some other nation. WHO hates a cheaper dollar Europe is one .

Bank failures reach 80 for the year

U.S. regulators said four banks were closed this week, including the 20th bank closed this year in Georgia, which leads the nation in bank failures for 2011.

The Federal Deposit Insurance Corp. said the

See the entire story @ this link

This link to the FDIC if you view it Friday’s at 7:30 pm ET it reflects the Bank Closing Information in the upper left column.

I like to support the local community and use a credit union for my banking.