A Wall Street Journal story by Robin Sidel looks at a troubling trend in the banking industry. No, not the JPMorgans of the industry losing $2 billion on bad bets, but on small community banks who don’t have the word “billion” anywhere on their balance sheets.

According to her piece:

“A growing number of tiny community banks are deciding it’s time to put out the ‘for sale’ sign … many executives of these small lenders are frustrated by costly, new regulations.”

Let’s head into the Way Back Machine:

In October, 1975 New York City was on the verge of bankruptcy. Sort of like California in the Summer of 2012.