Friday, October 02, 2009

FDIC Friday Night Feast (Failed Bank List as of October 2, 2009 - 98 Total This Year)

Bank Name

City

State

CERT #

Closing Date

Updated Date

Southern Colorado National Bank Pueblo CO 57263 October 2, 2009 October 2, 2009
Jennings State Bank Spring Grove MN 11416 October 2, 2009 October 2, 2009
Warren Bank Warren MI 34824 October 2, 2009 October 2, 2009


As of 8:30 PDT, the FDIC has closed three (3) banks -- Warren Bank, of Warren, Michigan, Jennings State Bank of Spring Grove, Minnesota and Southern Colorado National Bank of Pueblo, Colorado.

Warren Bank will cost $275 million against the FDIC insurance fund. Jennings State Bank will cost $11.7 million against the FDIC insurance fund. Southern Colorado National Bank will cost $6.6 million against the FDIC insurance fund.

The total amount charged against the FDIC insurance fund today is $293.3 million! I will update this list as more bank closings, if any, come in today.

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