Seven Bank Failure Thursday

The FDIC broke it's all friday pattern of bank shutdowns, to officialy pull the plug on 7 banks-- deemed too small to save. Six of them are in the great state of Illinois and most are very small but the last one on the list had assets of almost a billion.

All info from Calculated Risk which links to The FDIC Website.

Rock River Bank
Oregon, Illinois

"As of April 30, 2009, Rock River Bank had total assets of $77 million and total deposits of approximately $75.8 million ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $27.6 million."

First State Bank Of Winchester
Winchester, Illinois

"As of April 30, 2009, The First State Bank of Winchester had total assets of $36 million and total deposits of approximately $34 million. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $6 million."

John Warner Bank
Clinton, Illinois

"As of April 30, 2009, The John Warner Bank had total assets of $70 million and total deposits of approximately $64 million ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10 million."

First National Bank Of Danville
Danville, Illinois

"As of April 30, 2009, The First National Bank of Danville had total assets of $166 million and total deposits of approximately $147 million. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $24 million."

Elizabeth State Bank
Elizabeth, Illinois

As of April 30, 3009, The Elizabeth State Bank had total assets of $55.5 million and total deposits of approximately $50.4 million. ...The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $11.2 million.

Millennium State Bank of Texas
Dallas, Texas

From the FDIC: As of June 30, 2009, Millennium State Bank of Texas had total assets of approximately $118 million and total deposits of $115 million. State Bank of Texas agreed to purchase essentially all of the failed banks assets. ... The FDIC estimates that the cost to the Deposit Insurance Fund will be $47 million.

Founders Bank
Worth, Illinois

As of April 30, 2009, Founders Bank had total assets of $962.5 million and total deposits of approximately $848.9 million.The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $188.5 million.

At the end of the day, 52 banks had officially failed this year but the number of banks in living dead zombie state is much much higher. It's also a secret.