2009 will go down in the record books for many things – bank failures included. During the year 140 banks failed setting a record since the 1930s. It appears that the record number of bank failures was recorded in 1989 at 531 bank failures.
| State | Number of Banks Closed | % of Total |
|---|---|---|
| Georgia | 25 | 17.86% |
| Illinois | 21 | 15.00% |
| California | 17 | 12.14% |
| Florida | 14 | 10.00% |
| Minnesota | 6 | 4.29% |
Eighteen states made it through the year without a single bank failure. These states include:
Alaska, Arkansas, Connecticut, Delaware, Hawaii, Louisiana, Maine, Massachusetts, Mississippi, Montana, New Hampshire, New Mexico, North Dakota, Rhode Island, South Carolina, Tennessee, Vermont and West Virginia.
With the help of Google docs – here’s a visualization of bank failures by state since 2000
Data FDIC.com – Retrieved January, 2010
