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9 Banks Failed in 1 day !!!!

What is the change of your bank closing it's doors ? Matt has listed 9 banks that failed on October 30, 2009. See the list below

Via National Credit Fixers - Matt Listro:

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

Toll Free: 888-NCFIXER (623-4937)
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East Hartford, CT 06108

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Think Clarksville * Think Fort Campbell * Think Real Estate * Think Roland

Roland Woodworth "Innovative Marketing Using Cuttin Edge Technology"

Licensed in both Tennessee & Kentucky. Please don't keep me a secret, if you know anyone looking to BUY or SELL, Please send me an e-mail and give them my name and number.

View my website at Clarksville Home Information or Fort Campbell Housing

Posted by Roland Woodworth "Clarksville-Fort Campbell Area Realtor" on 11/02/2009 09:45 PM

Comments (3)

Originally posted at: Clarksville - Ft. Campbell Area Information: 9 Banks Failed in 1 day !!!!

3 Comments on 9 Banks Failed in 1 day !!!!

NOV

Ouch! Make it stop!

My sister lives in Huntsville, Alabama. She went to her bank on Saturday morning and people were standing outside but the doors were locked. Someone came out and explained they would be open on Monday, they had just run out of "cash" that day. However, they were not open on Monday (today) either. I only know the bank is Redstone..(don't know the exact name. What do you think? Did they fail also?