There have been 96 failures – 86 banks and 10 credit unions – so far in 2010. At the end of June 2009, there were 45 failures en route to a total of 171 institutions for the year. Florida leads the nation with 14 failures, followed by 12 failures in Illinois, nine in Georgia and seven in Washington State. Industry experts tie the ongoing failures to forces that include the commercial real estate market stresses caused by foreclosures. Experts say we may well see significantly more bank failures before year’s end.”]
Source: https://www.bankinfosecurity.com/bank-failures-2010-pace-exceeds-2009-a-2720