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To: Think4Yourself who wrote (226867)10/30/2009 9:50:57 PM
From: RockyBalboaRead Replies (1) | Respond to of 306849
 
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.



To: Think4Yourself who wrote (226867)10/30/2009 10:02:46 PM
From: RockyBalboaRespond to of 306849
 
>>>

A takeover would occur even after several U.S. Congressman from the Illinois area, including Reps. Bobby Rush and Danny Davis and Sen. Roland Burris, called the FDIC asking it to hold off on closing the bank for at least a week, said Marilyn Katz, a spokeswoman for the bank.

<<<



To: Think4Yourself who wrote (226867)10/30/2009 11:04:15 PM
From: patron_anejo_por_favorRead Replies (3) | Respond to of 306849
 
They (the FDIC) woke up: a Halloween massacre, 9 banks including a big one (California National Bank, 4th largest so far!)

fdic.gov

Bank Closing Information
October 30, 2009

North Houston Bank, Houston, TX
Madisonville State Bank, Madisonville, TX
Citizens National Bank, Teague, TX
Park National Bank, Chicago, IL
Pacific National Bank, San Francisco, CA
California National Bank, Los Angeles, CA
San Diego National Bank, San Diego, CA
Community Bank of Lemont, Lemont, IL
Bank USA, NA, Phoenix, AZ