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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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