The FDIC added nine possibly interesting trick or treat locations to the FDIC Failed Bank List tonight. The FDIC folks don’t work banker hours. Go ahead and ring the doorbell if you live near any of the banks below:

1. North Houston Bank, Houston, TX

2. Madisonville State Bank, Madisonville, TX

3. Citizens National Bank, Teague, TX

4. Park National Bank, Chicago, IL

5. Pacific National Bank, San Francisco, CA

6. California National Bank, Los Angeles, CA

7. San Diego National Bank, San Diego, CA

8. Community Bank of Lemont, Lemont, IL

9. Bank USA, National Association, Phoenix, AZ

Now here’s the kicker: These were all taken over by one bank. From the press release (I’ve emphasized the stuff I usually care about):

The Federal Deposit Insurance Corporation (FDIC) entered into a purchase and assumption agreement with U.S. Bank, NA, of Minneapolis, Minnesota, a wholly-owned subsidiary of U.S. Bancorp, to assume all of the deposits and essentially all of the assets of nine failed banks. The nine banks were closed this evening by federal and state bank regulators, which appointed the FDIC as receiver.

…

As of September 30, 2009, the banks had combined assets of $19.4 billion and deposits of $15.4 billion.

The nine banks had 153 offices, which will reopen as branches of U.S. Bank beginning tomorrow during their normal business hours. Depositors of the nine banks will automatically become depositors of U.S. Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers should continue to use their existing branches until U.S. Bank can fully integrate the deposit records of the nine failed banks.

…

The FDIC and U.S. Bank entered into a loss-share transaction on approximately $14.4 billion of the combined purchased assets of $18.2 billion. U.S. Bank will share in the losses on the asset pools covered under the loss-share agreement.

…

The FDIC estimates that the cost of the nine banks to the DIF will be a combined $2.5 billion. U.S. Bank’s acquisition of all the deposits was the “least costly” resolution for the FDIC’s DIF compared to alternatives. The failure of the nine banks brings the nation’s total number this year to 115.

With the exception of the loss-share agreement (which I automatically assume will lead to additional losses in excess of the estimates), this is the best (cheapest) Bank Failure Friday we’ve had since the crisis began. Kudos to the FDIC this week.