Independence Weekend Massacre: 7 banks seized

By Edward Harrison On Jul 2, 2009

Wow. The Feds sure know how to celebrate Independence Day. I went out for a couple of hours and four more banks were seized bringing the grand total to seven for the day and 52 on the year.

Here are all the FDIC seizures for today. Six were in Illinois and one in Texas.

First State Bank of Winchester
Winchester, IL

Elizabeth State Bank
Elizabeth, IL

Millennium State Bank of Texas
Dallas, TX

John Warner Bank
Clinton, IL

First National Bank of Danville
Danville, IL

Founders Bank
Worth, IL

Rock River Bank
Oregon, IL

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

Failed bank 48: Rock River Bank

Links: 2009-07-03

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