East West Commercial Real Estate

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Bank Closures Top 100

Bank closures topped 100 nationwide to date, already exceeding last year’s calendar year. At this time last year, regulators closed 64 banks due to the recession and loans defaulting. The year 2009 had 140 bank closures. This year, however, a total of 101 bank closures have occurred so far.

This year, the U.S. will definitely see numbers far larger.

Forecasted Outlook for 2010

If this year’s bank closure pace continues the number of bank closures expected for 2010 is estimated at 200 or more, which is a 43% increase over last year’s closure.

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For assistance with Commercial Real Estate — investment sales, asset management, commercial REO, commercial BOV’s, commercial broker price opinion. Contact Michael Duhs, Managing Director of East West Commercial at Michael.Duhs@EastWestCommercial.com or http://www.EastWestCommercial.com or (949) 939-8352.