After conducting stress and sustainability tests on hundreds of U.S. banks, Invictus Consulting Group found 758 American banks are at risk of failing.
The research and analysis firm said without corrective action or plans to merge and raise capital, it’s unlikely these 758 banks insured by the Federal Insurance Deposit Corp. will remain solvent over the long-term. In fact, failures could begin occurring within the next two years.
Florida is the most exposed with 72 banks at risk, followed by Illinois (69), Georgia (66), Minnesota (37), Missouri (33) and Tennessee (31). The states with no extremely at-risk banks are Alaska, Hawaii, New Hampshire and South Dakota.
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