9 Banks Failed in 1 day !!!!

That's right you read the headline correctly.  Nine Banks failed in one day.  All 9 banks failed on Friday Oct. 30th making it the largest number of bank failures in one day in US history!

The banks that failed are:

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, N.A.	Phoenix	AZ

 That brings the total of bank failures for 2009 to a whopping 115.  How does that total compare with previous years you ask?  Well in 2008 there were 26, in 2007 there were only 3, and in 2005 & 2006 there were zero (statistics obtained from FDIC at http://www.fdic.gov/bank/individual/failed/banklist.html)

☺ 

Matt

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