Nine More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over an additional nine banks (FDIC Closes Nine Banks) for a cost to the FDIC of around $2.5 billion. This brings the total number of failed banks in 2009 to 115. Total deposits of all failed banks now equal $104.7 billion for 2009 and over $338 billion since the beginning of 2008, all at an estimated cost to the FDIC of over $51 billion. Visit Stimulus.org for more details and a full list of FDIC bank closings.
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Total Deposits | Total Cost to the FDIC | |
North Houston Bank | -- | -- |
Madisonville State Bank | -- | -- |
Citizens National Park | -- | -- |
Park National Bank | -- | -- |
Pacific National Bank | -- | -- |
California National Bank | -- | -- |
San Diego National Bank | -- | -- |
Community Bank of Lemont | -- | -- |
Bank USA, N.A. | -- | -- |
Total | $15,400,000,000 | $2,500,000,000 |