![2010 Earns Spot in History](http://townsquare.media/site/81/files/2010/12/842587903.jpg?w=980&q=75)
2010 Earns Spot in History
The year 2010 is going down in history, not for having the most productive economic year or the funniest celebrity mishap, but for having the highest number of bank failures in the U.S. since 1992. It's been a tough year for sure, but I thought last year was worse.
According to the Federal Deposit Insurance Corp., cited by the "The Washington Post," there were 157 bank failures this year. In 2009, there were 140.
Here's the full article : Washington Post on 2010 Bank Failures
It seems that each year there are banks that fail so we shouldn't be too worried. It was a rough year. And according to the FDIC list of "problem" banks as of September 20th, there were 860 lending institutions listed. However, "if history is an accurate guide...only about a fifth of them will (JQ Lawrence, Metrosource)" fail.
Also, us New Yorkers don't have as much to worry about. "About half of the bank failures this year involved institutions with headquarters in four states: California, Florida, Georgia and Illinois (Lawrence)."
More From 107.7 WGNA
![SyFy Networks “GHOST HUNTERS” Came to Saratoga In 2010 – See the Video](http://townsquare.media/site/81/files/2017/04/credit-YouTube-e1491319574884.jpg?w=980&q=75)
![Capital Region The Target of Major Crime Ring](http://townsquare.media/site/81/files/2016/12/52226791.jpg?w=980&q=75)
![Key Bank Might be Giving You $100 For Their Error](http://townsquare.media/site/81/files/2014/05/money.jpg?w=980&q=75)
![New Quiz Will Guess Your Age, Gender and Salary Based on the Apps You Use](http://townsquare.media/site/81/files/2015/09/470487009.jpg?w=980&q=75)
![How To Find Love At Your Bank – A True Story Of Love And Mortgages [SPONSORED]](http://townsquare.media/site/81/files/2015/07/weddimg.jpg?w=980&q=75)
![1 Man Accused Of 2 Bank Robberies in Albany](http://townsquare.media/site/81/files/2014/07/Cuffs-162406124-credit-istock1.jpg?w=980&q=75)
![Mistaken Identity Makes A Florida Man A Multimillionaire Over $100 Check!](http://townsquare.media/site/81/files/2012/02/84611044.jpg?w=980&q=75)
![Writing Down The Right Year](http://townsquare.media/site/81/files/2010/12/Wrong-Year.jpg?w=980&q=75)
![Zsa Zsa Gabor Back in Hospital](http://townsquare.media/site/81/files/2011/01/84258790.jpg?w=980&q=75)