FDIC Closes 1 Banks In Texas, 6 In Illinois Seven banks were shut down Thursday — pushing the total number of banks that have failed this year to 52. The year is just half over, and already the figure is more than double what it was for all of 2008. Back in 2007, only three banks failed.

FDIC Closes 1 Banks In Texas, 6 In Illinois

FDIC Closes 1 Banks In Texas, 6 In Illinois

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Seven banks were shut down Thursday — pushing the total number of banks that have failed this year to 52. The year is just half over, and already the figure is more than double what it was for all of 2008. Back in 2007, only three banks failed.

RENEE MONTAGNE, Host:

NPR's business news starts with more bank failures.

(SOUNDBITE OF MUSIC)

MONTAGNE: Most of the banks that have failed this year were relatively small, but there could be many more closings to come. Earlier this year, the FDIC had more than 300 banks on its list of problem institutions.

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