FDIC Bank Closing Information - October 30, 2009
By Daniel at 31 October, 2009, 3:01 am
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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
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The Grim Reaper came out a day early…
What makes it more interesting is that these were seized from a major holding company. $19 Billion in assets.
http://money.cnn.com/2009/10/30/news/economy/fbop_failure/index.htm?postversion=2009103022
Nights like this might get to be the norm according to John Kanas who took over Bank United. 1000 banks may fail. Wilbur Ross said this in 2008. There’s no lifeline left now that the big banks have been propped up…
http://www.cnbc.com/id/32581463
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