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Nine Banks Fail on Oct. 30

The nine banks closed are: Bank USA, National Association, Phoenix, Arizona, San Diego, California; Park National Bank, Chicago, Illinois; North Houston Bank, Houston, Texas; Madisonville State Bank, Madisonville, Texas. Depositors of the nine banks will automatically become depositors of U.S. Bank. Total 2009 Failures now at 115 Banks, 19 Credit Unions; 134 – 115 banks and 19 credit unions – the number of failed institutions so far in 2009.”]

Source: https://www.cuinfosecurity.com/nine-banks-fail-on-oct-30-a-1898

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