‘Stable' Rating Still Allows for 13 Bank Closures

NEW YORK CITY-Moody's Investor Service has lifted the cloud of a “Negative” rating from the US banking sector. In this UPDATE to Wednesday morning's story, we list the banks that didn't make it.

By John Salustri | Updated on May 28, 2013

NEW YORK CITY-We reported Wednesday morning that after five years of a “Negative” rating, the US banking system has been upgraded to “Stable” by Moody’s Investors Service. (Go to Page 2 for the original story.)

But “Stable” is not robust, and according to the FDIC, 13 banks did close so far in 2013. The list of 2013 closing appears below. For more information and the complete list of closing prior to 2013, click here.

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