Record 7 banks closed today by FDIC. Tally crosses 50 .
By Alex Mai at 2 July, 2009, 7:44 pm
77 banks failed since 2008, 25 in 2008 and 52 in 2009 till now.
6 banks were closed only in Illinois.
Today Illinois has most number of bank failures with 12 bank failures till now this year.
This follows by Georgia with 9 and California with 6 banks failures.
Check the complete list of all the failed banks at :
http://portalseven.com/Failed-Banks-2009
And on google map see where the banks are failing at :
http://portalseven.com/finance/Failed_Banks_Map_2009.jsp
Some statistics about this bank failure :
(1) John Warner Bank,Clinton, IL :
# 46th bank to fail this year in USA
# 7th bank to fail this year and 8th since 2008 from Illinois state.
# As of March 31 has $71 million in assets and $64 million in deposits
# State Bank of Lincoln, Lincoln, IL will assume all deposits of failed bank
(2) First State Bank of Winchester, Winchester, IL :
# 47th bank to fail this year in USA
# 8th bank to fail this year and 8th since 2008 from Illinois state.
# As of March 31 has $32.9 million in assets and $33.3 million in deposits
# All deposit accounts have been transferred to The First National Bank of Beardstown, Beardstown, IL
(3) Rock River Bank, Oregon, IL :
# 48th bank to fail this year in USA
# 9th bank to fail this year and 10th since 2008 from Illinois state.
# As of March 31 has $77 million in assets and $75.9 million in deposits
# All deposit accounts have been transferred to The Harvard State Bank, Harvard, IL
(4) Elizabeth State Bank, Elizabeth,IL :
# 49th bank to fail this year in USA
# 10th bank to fail this year and 11th since 2008 from Illinois state.
# As of March 31 has $58.7 million in assets and $50.3 million in deposits
# All deposit accounts have been transferred to Galena State Bank and Trust Company, Galena, IL
(5) First National Bank of Danville, Danville,IL :
# 50th bank to fail this year in USA
# 11th bank to fail this year and 12th since 2008 from Illinois state.
# As of March 31 has $164.7 million in assets and $144.8 million in deposits
# All deposit accounts have been transferred to First Financial Bank, National Association, Terre Haute, IN
(6) Millennium State Bank of Texas, Dallas,TX:
# 51st bank to fail this year in USA
# 1st bank to fail this year and 4th since 2008 from Texas state.
# As of March 31 has $126.7 million in assets and $120.2 million in deposits
# All deposit accounts have been transferred to State Bank of Texas, Irving, TX
(7) Founders Bank, Worth, IL:
# 52th bank to fail this year in USA
# 12th bank to fail this year and 13th since 2008 from Illinois state.
# As of March 31 has $966 million in assets and $828 million in deposits
# All deposit accounts have been transferred to The PrivateBank and Trust Company, Chicago, IL
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