Rod Brown, president of the California Bankers Association, said that despite this novel and helpful move, more bank failures probably lie ahead.
“At best we are only halfway through this thing,” he said.
Anderson said his firm has a ranking system that considers 29 out of California’s 297 banks in danger of failure over the next year. It does not publicly name these banks. This list includes three out of the 59 banks headquartered in the nine-county Bay Area.
Statewide 14 banks have been closed so far this year, and five were closed last year, he said.