The number of DC banks on the unofficial FDIC Troubled Bank List remains steady at eight. The unofficial version of the FDIC Troubled Bank list can be found at the calculatedriskblog.com. The FDIC did shutdown two banks in Georgia and Minnesota. The two bank failures this Friday did bring the number of failures for 2012 to 11 in comparison to 23 at the same time in 2011. The closing of the bank in Georgia is after four Georgia banks came under FDIC scrutiny in February. The FDIC did find a buyer for the Georgia bank, but no buyer was found for the bank in Minnesota. The FDIC will cut checks to these customers for the amount of the insured funds. In the world of the unbanked, 30 million consumers are unable to obtain mainstream checking or account services due to bank sharing information like Chex Systems and Credit Bureau Reporting for delinquent checking accounts. Meredith Whitney is analyst of banking institutions, and her recent remarks show the number of unbanked customers in … [Read more...]