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.

[chart:1079]
 Total DepositsTotal 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