Committee for a Responsible Federal Budget

Nine More FDIC Bank Closings

Nov 2, 2009

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