THE BASIS POINT

12 Failed Banks In 2012. Zero New Banks In 2011.

Per the FDIC, there were no new banks created in the U.S. in 2011, making it the first year since at least 1984 that the country has gone without the establishment of a single start-up lender.

The Financial Times reports that none of the three new banking charters reported by the US FDIC for 2011 were de novos (new banks starting from scratch). That is compared with three de novo banks reported in 2010.

As for banks that haven’t made it, Friday the Georgia Department of Banking & the FDIC shut down Global Commerce Bank – which starting today will be Metro City Bank. It was the 12th bank failure of 2012.