Federal Deposit Insurance Corporation
The Great Recession took a toll on the banking industry the likes of which hadn’t been seen since the Great Depression. But in 2012, bank failures finally started to slow down signaling the worst of the financial crisis may finally be in the past.
Bank regulators seized a Naples, Fla.-based bank this week, forcing customers to take their money elsewhere.
New numbers from the Federal Deposit Insurance Corporation showed 2010 was the worst year for bank failures in the United States since 1992 during the height of the savings-and-loan crisis.