Friday, April 24, 2009

Trivia - Bank Failures
What state has had the most bank failures since the credit crisis started in the summer of 2007? My first thought was that the states hit hardest by the housing downturn - California, Florida, or Nevada - would have the most failures. I did not guess the winner - Georgia. Eleven banks have failed in Georgia since the summer of 2007. Since the crisis started there have been fifty-three bank failures and California has had eight, Florida four and Nevada five. Not sure why Georgia has had so many failures.

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