Nine Banks Seized Last Night!
The closing of nine banks in one day is the most the FDIC has shut since this recent financial crisis began.
The nine banks are: The 68 branch California National Bank of LA; Bank USA of Phoenix; San Diego National Bank; Pacific National Bank in San Francisco; Park National Bank in Chicago; Community Bank of Lemont in Illinois; North Houston Bank, Madisonville State Bank, and Citizens National Bank in Teague, all in Texas.
Entire FDIC failed list here
This brings to 115 the number of failed banks this year with no end in sight.
The big problem now is: THE FDIC IS BROKE