The truth is the FDIC was busy -> a lot of banks failed today!
There are 9 failures today, some larger amongst them with Pac having 2.1B
Bank Name City State CERT # Closing Date Updated Date
North Houston Bank Houston TX 18776 October 30, 2009 October 30, 2009
Madisonville State Bank Madisonville TX 33782 October 30, 2009 October 30, 2009
Citizens National Bank Teague TX 25222 October 30, 2009 October 30, 2009
Park National Bank Chicago IL 11677 October 30, 2009 October 30, 2009
Pacific National Bank San Francisco CA 30006 October 30, 2009 October 30, 2009
California National Bank Los Angeles CA 34659 October 30, 2009 October 30, 2009
San Diego National Bank San Diego CA 23594 October 30, 2009 October 30, 2009
Community Bank of Lemont Lemont IL 35291 October 30, 2009 October 30, 2009
Bank USA, N.A. Phoenix AZ 32218 October 30, 2009 October 30, 2009
The FDIC estimates that the cost of the nine banks to the DIF will be a combined $2.5 billion. U.S. Bank's acquisition of all the deposits was the "least costly" resolution for the FDIC's DIF compared to alternatives. The failure of the nine banks brings the nation's total number this year to 115. |
