5 Banks Fail Friday

Five bank failures tonight, bringing the total for the year to 77. Costing the FDIC almost $3.7 billion. The number of bank failures is accelerating. I am sticking to my 300 failures in 2009.-Lou

#73
Failed Bank: Dwelling House S&L, Pittsburgh PA
Estimated FDIC damage: $6.8 million

#74
Failed Bank: Colonial Bank, Montgomery AL
Estimated FDIC damage: $2.8 billion

#75
Failed Bank: Union Bank, Gilbert AZ
Estimated FDIC damage: $61 million

#76
Failed Bank: Community Bank of Arizona, Phoenix AZ
Estimated FDIC damage: $26 million

#77
Failed Bank: Community Bank of Nevada, Las Vegas
Estimated FDIC damage: $782 million