FDIC Takes 2 Banks - 47 in 2009

It looks like the FDIC wants to get a jump on the holiday weekend.

Today they announced 2 bank failures:

• First State Bank of Winchester (Winchester, IL)
• John Warner Bank (Clinton, IL)

Losses to the FDIC are $6 million and $10 million, respectively. Usually failures are announced on "FDIC Friday" with banks reopening on Monday. However, the banks will reopen tomorrow under new management.

These failures bring us up to 47 bank failures for 2009.

Update: Make that 7 banks today.

Further reading:

• What Happens in a Bank Failure?
• Are My Accounts Safe?