Data from the Federal Deposit Insurance Corporation (FDIC) show that just seven banks failed in the United States last year. This is the lowest number since 2007 when only three banks folded.
The largest number occurred in the late-1980s during the S&L crisis when close to 3,000 financial institutions shut their doors.
From the American Enterprise Institute:
“According to FDIC data, only 7 US banks failed last year, the lowest annual number of bank failures since 2007 when 3 banks failed. Recession-related bank failures averaged more than 100 per year between 2009 and 2012 and peaked at 154 in 2010 (about 3 every week). Compared to the nearly 3,000 US banks that failed during the S&L crisis between 1980 and 1994, there were fewer than 500 banks that failed from the effects of the Great Recession. More banks failed in a single year during the S&L Crisis (534 in 1989) than failed during and following the Great Recession (491 between 2008 and 2013).”
Here is the chart:
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