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Founders Bank | U.S. Bank Regulators |Founders Bank Worth il | Millennium State Bank of Texas | Rock River Bank | Bank Failures 2009 | First National Bank of Danville | Federal Deposit Insurance Corp  | Financial Institution |The PrivateBank and Trust Co |

The  Federal Deposit Insurance Corp., busied itself seizing seven banks after the close of business this 4th July 2009.

Seven banks which were seized by the FDIC yesterday are Founders Bank in Worth, IL, John Warner Bank in Clinton, IL, First State Bank of Winchester in Winchester, IL, Rock River Bank in Oregon, IL, The Elizabeth State Bank in Elizabeth, IL, First National Bank of Danville in Danville IL, and Millennium State Bank of Texas in Dallas, Texas.

Founders Bank, Worth, IL, was the 52nd FDIC-insured institution to fail in the nation this year 2009 .

Here is the report from Reuters:

U.S. bank regulators closed Founders Bank, of Worth, Illinois, the largest of 7 financial institutions seized on Thursday.

The Federal Deposit Insurance Corp, said as of April 30, 2009, Founders had $962.5 million in assets and approximately $848.9 million in deposits. The failure is expected to cost the FDIC deposit insurance fund an estimated $188.5 million.The PrivateBank and Trust Co of Chicago will assume all of the deposits of Founders Bank.