Venice Area Homes Blog

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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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Venice FL Realtor Kari Battaglia Selling Homes in Venice

Helping buyers and sellers since 2004.  A Venice/Englewood Florida resident for almost 40 years, put my local real estate knowledge to work for you today.  My coverage areas include Southwest Florida include Venice, South Venice, North Venice, Nokomis, Osprey, Casey Key, Manasota Key, Englewood, Rotonda West, South Gulf Cove, Grove City, Placida, Cape Haze, Port Charlotte & North Port which are located in Sarasota and Charlotte Counties

 

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KARI BATTAGLIA, PA
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Comment balloon 2 commentsKari Battaglia, PA • November 02 2009 07:24PM
9 Banks Failed in 1 day!!!
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