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Banks and Commercial Real Estate Debt, a Deep Dive: Investors and Government on the Hook for the Majority of CRE Debt

April 11, 2023

by Wolf Richter Wolf Street

Retail CRE debt has been shitty since 2017, and banks managed without collapsing. Now Office turns to crap. Multifamily, the biggie, is following.

First, the US Banking landscape.

There are 9,697 domestically-chartered banks, savings associations, and federally insured credit unions in the US. Of them, 4,135 were FDIC-insured commercial banks as of December 2022, with 71,190 branches, according to the FDIC’s year-end tally. Now minus three banks, in order of collapse date: Silvergate Bank, Silicon Valley Bank, and Signature bank. So, today maybe 4,132 banks.