Independence Weekend Massacre: 7 banks seized

| 2 July 2009 20:32

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

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill 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.

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