(Save the date:RealShare NewYork comes to the Grand Hyatt, New York, NY,October 9.)
NEW YORK CITY-A total of eight July bank failures—five in theSoutheast and three in the Midwest—come as no surprise to locallybased Trepp, which reports that all of the bankswere on its Trepp Watchlist.
That brings the to-date total for 2012 to 39 banks, and whiledisturbing it’s a great improvement over this time last year.According to Trepp, the total at this point last year was 61. In2010, 108 banks had failed at this point in the year.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
