closeupdollarUS Bank is putting its brand on nine banks, but it’s not necessarily an indicator of a robust economy: the Minneapolis-based bank, a division of US Bancorp, is assuming the assets and most of the debts of nine banks that closed on Friday. It was a record-setting day: It’s the most banks closed by the FDIC since the current financial crisis began.

According to the AP, this year’s 115 bank failures represent the most closures since 1992 (for comparison, 25 banks failed last year and three in 2007), but it’s well short of the tally in 1989, when, in the thick of the savings-and-loan crisis, 534 were shut down.

The shuttered banks — California National Bank in Los Angeles; Bank USA, NA, in Phoenix; San Diego National Bank; Pacific National Bank in San Francisco; Park National Bank in Chicago; Community Bank of Lemont in Illinois; and the Texas banks North Houston Bank, Madisonville State Bank, and Citizens National Bank in Teague, — were reopened on Saturday under the US Bank name.

According to the FDIC’s summary, five Minnesota banks failed this year, including Riverview Community Bank in Otsego and Mainstreet Bank in Forest Lake.