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 for more details and a full list of FDIC bank closings.

  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