Friday, July 3, 2009

Tally Hits 52 as Regulators Close 7 Banks -

For my friends who think it's half over - this is from today:
"State regulators closed six banks in Illinois and one in Texas, raising the number of bank failures in the U.S. to 52 this year. The seizures were the most in a single day during the financial crisis.

The Federal Deposit Insurance Corp. said the closures of First State Bank of Winchester, John Warner Bank, Rock River Bank, Elizabeth State Bank, First National Bank of Danville, Founders Bank and Millennium State Bank of Texas are estimated to cost the FDIC $314.3 million."

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