297 Banks in the U.S. have Collapsed in the Past 2 Years

In the past 2 years 297 banks in the United States have collapsed including the biggest bank failure on record, Washington Mutual Inc. The pace has definitely picked up and there are rumors of more big banks collapsing. 


Have things really changed and are things being blown out of proportion? No things haven't been blown out of proportion. In the previous 6 years only 36 banks had collapsed. 


Understanding that banks are collapsing, hopefully the public can understand why many banks have gotten more conservative.


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Blog post written by the Dowell Taggart Team of RE/MAX Best Associates

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