Seven more banks fail - why so few?


The FDIC and state regulators took over another seven banks, raising the 2009 total to 52. Six were in Illinois and one in Texas. The cost to the FDIC will be about $314 billion. All of the closed bank's assets were bought by other banking companies.

The Wall Street Journallists the firms as First State Bank of Winchester, John Warner Bank, Rock River Bank, Elizabeth State Bank, First National Bank of Danville, Founders Bank, and Millennium State Bank of Texas.