The addition of 9 more failed banks brings the 2009 total to 115. October 30th’s failure was a single day record for 2009. The pace of bank failures appears to increasing as the recovery begins.
October 30, 2009 Bank Failues
- 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
– Source: FDIC.com
All failed banks have been taken over by U.S. Bank.
More banks fail
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