Further to my earlier prediction, the trail of US small bank closures is heating up with the 14th and 15th this week, and the month just begun.

FDIC Failed Bank Information

On October 10, 2008, Meridian Bank, Eldred, Illinois was closed by the Department of Financial and Professional Regulation of the Illinois Division of Banking and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.