What did Marco Rubio claim about the economy on 6 Aug 2015?

Marco Rubio, U.S. Senator (R-FL) and Republican presidential candidate · 6 Aug 2015

over 40 percent of small and mid-size banks that loan money to small businesses have been wiped out over the — since Dodd-Frank has passed.

FDIC counts show the number of insured institutions under $10 billion in assets fell about 19 percent from mid-2010, just before Dodd-Frank was signed, to mid-2015, not over 40 percent, and those counts include banks that merged or grew into a larger size class.

FDIC-insured institutions with assets under $10 billion numbered 7,725 in the first half of 2010 (2,746 under $100 million, 4,424 from $100 million to $1 billion, 555 from $1 billion to $10 billion) and 6,237 in the first half of 2015 (1,799, 3,847 and 591), a drop of about 19 percent (FDIC Quarterly Banking Profile, Second Quarter 2015, Table IV-A).

Claim vs. the record · Economy

Added 2 Nov 2026