This brings the total so far today to seven, with six of them in Illinois (see previous post on the other three). Here are the details of the latest four:
No. 49 Elizabeth State Bank in Elizabeth, Ill. taken over by Galena State Bank and Trust of Galena, Ill. Cost to the FDIC: $11.2 million.
No. 50: First National Bank of Danville, Ill., taken over by First Financial Bank of Terre Haute, Ind. Cost to the FDIC: $24 million.
No. 51 Millennium State Bank of Dallas, Texas, taken over by State Bank of Irving, Texas. Cost to the FDIC: $47 million.
No. 52: Founders Bank in Worth, Ill. taken overy by Privatebank and Trust Company of Chicago. Cost to the FDIC: $188.5 million.
How can this be happen in the state of Lincoln and Obama. Didnt’ they get his bailout money?
Or did Blago and Daley skim it?