FDIC: 2010 Worst Year For Bank Failures Since 1992

12/28/2010 10:51 pm ET | Updated May 25, 2011
  • David S. Hilzenrath washingtonpost.com

More banks failed in the United States this year than in any year since 1992, during the savings-and-loan crisis, according to the Federal Deposit Insurance Corp.

Amid high unemployment, a struggling economy, and a still devastated real estate market, the nation is closing out the year with 157 bank failures, up from 140 in 2009. As recently as 2006, before the bubble burst, there were none.

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