Friday, October 16, 2009

FDIC Friday Night Feast (Failed Bank List as of October 16, 2009 - 99 Total This Year)

Bank Name




Closing Date

Updated Date

San Joaquin Bank Bakersfield CA 23266 October 16, 2009 October 16, 2009

As of 9:23 PDT, the FDIC has closed one (1) bank -- San Joaquin Bank, of Bakersfield, California.

San Joaquin Bank will cost $103 million against the FDIC insurance fund.

The total amount charged against the FDIC insurance fund today is $103 million! Surprisingly, there has only been one (1) bank closing in the last two (2) weeks. Perhaps the bankers do not want to cross that 100th closed bank threshold just yet. However, the next bank that closes will be the 100th bank to close in the United States this year. This is not the type of milestone you want to accomplish!

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