Here’s an update on my previous post on bank failures.

Since the end of October there have been 40 more bank failures (9 in November, 16 in December and 15 in January).

With 15 bank failures in January, it’s still too early to tell if we’ll break 2009’s record of 144 failures, but my money is on yes! We might even break the 181 bank failures of 1992. Going any further back isn’t a fair comparison because multi-branch banking wasn’t nearly as popular.

6 month trend

Although there was a small drop in the 6-month trend in January, the trend is still upward.

Failures by state

Georgia (34), Illinois (26), California (24) and Florida (24) combined now account for a slight majority (51% or 108/212) of bank failures across the country.