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boogrit t1_jbxkxjg wrote

I assume Florida/Georgia are related to storms that cause disasters which cause general panic & lots of withdrawals?

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Tuxxbob t1_jby7jub wrote

Georgia at least had massive restrictions on outside backs establishing new branches which instead incentivizes the creation of new banks in each county. As a result, Georgia has many tiny failures in times of economic headwinds, each of which counts as one on this infographic, when other states might just have one that is much larger. In terms of asset size, the failures are as would be predicted with population. This method of display over inflates by treating one independent small town bank as the same as an SVB.

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historycat95 t1_jbxmrg9 wrote

I assume Florida and Georgia because they have corrupt governments run by puppets of business.

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eskimobrother319 t1_jbzkper wrote

No, Georgia has 159 counties and laws restricting the formation of banks across the state. That means instead of a few large bank closures you get a ton of tiny ones

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