At the mid-July mark last year, 100 institutions had already failed in the U.S. The Federal Deposit Insurance Corp. and the National Credit Union Administration don’t expect 2011’s failures to exceed what the industry saw in 2010. 2010 saw 157 banks and 19 credit unions close, the so-called “peak” year in this cycle of closures. Industry consolidation may have been just what the market needed, insight supported by SNL Financial’s June report, “One Bank’s Failure Is Another Bank’s Gain””]
Source: https://www.inforisktoday.com/blogs/gauging-economic-stability-p-1004