... respectively; SD, standard deviation; totbr, total number ofbranches; tot_zipbr, total number of unique zip codes; tot_cntybr, total number of counties; tot_statebr, total number of states inwhich ... “thrifts”) were declared insolvent bytheir primary regulator and either closed or sold,in whole or in part, to another institution.12Thistotal includes Washington Mutual but does notinclude ... and 2009:Q4. We found nocorrelation, however, between bank failure ratesand changes in business bankruptcy rates between2007 and 2009.25Lastly, we investigated the associationbetween market...