Tuesday, January 10, 2012

No bank failures in 2012...yet

It's been more than three years since the financial meltdown, but regulators are still shuttering small banks around the country.

Last year ended with 92 bank failures, down from 157 in 2010 as banks continue to work through the bad debt they they racked up during the recession, according to a new report from financial information firm SNL Financial. This year began a little brighter: Regulators didn't close any banks on Friday, resulting in a failure-free first week of the year, the firm said.

Check out SNL's map of bank and thrift failures since 2008 and other interesting data here (only registered users can see the full report). Bank failures peaked in 2010; 140 banks were shuttered in 2009, and 25 failed in 2008, the first full year of the recession.