Regulators close six Illinois banks

Associated Press Report

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By WSBT 24/7 News

Story Created: Jul 4, 2009 at 6:57 AM EST

Story Updated: Jul 4, 2009 at 6:57 AM EST

CHICAGO (AP) — Federal regulators have closed six Illinois banks controlled by the same family, bringing the number of banks closed in the state this year to 12.

The Federal Deposit Insurance Corporation took control of the banks, which were acquired by other institutions and are set to reopen.

All of the banks were controlled by the Campbell family, which operates nine banks in Illinois under the Campbell Group.

The six banks were: Founders Bank of Worth, John Warner Bank of Clinton, First State Bank of Winchester, Rock River Bank of Oregon, Elizabeth State Bank of Elizabeth and First National Bank of Danville.

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