No surprise but wow, 92 banks year to date.
Regulators closed one large bank in Illinois and two other smaller financial institutions on Friday, pushing the total number of failures this year to 92, according to the Federal Deposit Insurance Corp.
Customers of the banks, however, are protected. The FDIC, which has insured bank deposits since the Great Depression, covers each customer account up to $250,000.
In Illinois, 16 banks have failed so far this year, including Chicago-based Corus Bank, which was closed by the Office of the Comptroller of the Currency on Friday.
