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he trend in bank bankruptcies continues unabated. According to FDIC there have been 157 bankruptcies in 2010, which is actually higher than the number of bank failures in 2009 (140). This clearly shows that banks are still struggling to cope with the economic crisis that began in 2008. The banks have been plagued by similar problems - increased proportion of Non Performing loans in Assets portfolio through continuing Mortgage defaults .The troubles are compounded in a fragile economic environment which leads to steep decline in Earnings and erosion of Capital eventually plunging these banks into bankruptcy. Safety Ranking An indication of the financial frailty of these banks is given by BankVega's Safety Ranking which takes into account each of the above indicators of a bank's financial health. BankVega Safety Ranking measures a bank's financial strength on a scale of 1 (riskiest) to 100 (safest). We believe that it is a predictor of future distress and we had used our safety index to publish a list of 480 riskiest banks of 2010 that had the maximum probability of going bankrupt.

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