9 more U.S. banks fail; $2.5 billion hit for FDIC fund

9 Banks Fail!

www.fdic.gov

* 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, NA, Phoenix, AZ

(visit the link for the full news article)


money.cnn.com...
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[edit on 30-10-2009 by Bcs8484]

[edit on 30-10-2009 by Bcs8484]

Halloween madness!! 9 Banks fail for a estimated total cost of 2.5 BILLION. So now the fdic is even more broke then it was yesterday,and thats very broke. I wonder if more closings are coming. These banks have 153 branches that are shutting down. This just makes me laugh when I hear evrything on the MSM that says that we're coming out of the recession when every indicater saids that we're not.

www.fdic.gov
(visit the link for the full news article)

[edit on 30-10-2009 by Bcs8484]

I wouldn't worry about this too much. After all, it's all being orchestrated.

There is a plan in place, waiting in the wings to adjust everything.

To change over to the new currency which will come about, all you have to do is sign the Luciferian oath and your $$ will transfer. Probably an exchange rate of 1 token for every hundred dollars, which will then have a value of 5 dollars per token.

reply to post by Alethea


Part of what you say is truer than most want to believe....

the other part is scarier than most want to believe.

Sadly, those executing this plan are immune from its consequences.... hence the second part....

SAN FRANCISCO (MarketWatch) -- Nine more U.S. banks, all owned by the same Illinois holding company, were closed Friday by regulators, and the Federal Deposit Insurance Corp. said U.S. Bank of Minneapolis would assume their deposits.


The banks as of Sept. 30 had combined assets of $19.4 billion and deposits of $15.4 billion, the FDIC said.

The deposit insurance fund will take an estimated $2.5 billion hit, the FDIC said.

All nine banks were subsidiaries of FBOP Corp., a holding company based in the Chicago suburb of Oak Park, Ill., according to the FDIC.

Privately held FBOP, which originated as the parent company of First Bank of Oak Park, wasn't involved in Friday's closures, the FDIC said.

The FBOP subsidiaries that were closed Friday were identified as Bank USA, Phoenix; California National Bank, Los Angeles; San Diego National Bank, San Diego; Pacific National Bank, San Francisco; Park National Bank, Chicago; Community Bank of Lemont, Lemont, Ill.; North Houston Bank, Houston; Madisonville State Bank, Madisonville, Texas; and Citizens National Bank, Teague, Texas.

www.marketwatch.com...

I'm confused by something and hope someone out here can help.

I have some experience in taking over banks.

A friend of mine, worked at one of the banks listed above and he/she knew they were going to be taken over yesterday.

Doesn't this get announced after 5pm local time on the Friday and isn't that when everyone "knows" it is going to happen?

How does this info become public knowledge early, and if so next time can you let me know so I can sell my stock?

reply to post by slipkid


I'm confused why you're confused. It's now Saturday. This was reported hours after 5pm Friday. Do you have your days mixed up?! Am I missing something here?