The addition of 9 more failed banks brings the 2009 total to 115. October 30th’s failure was a single day record for 2009. The pace of bank failures appears to increasing as the recovery begins.

October 30, 2009 Bank Failues

• 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

– Source: FDIC.com

All failed banks have been taken over by U.S. Bank.

More banks fail

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