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'Mancow' Waterboarded - Lasts 6 Seconds Before Deciding 'It's Torture'

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3 wood5/22/2009 4:54:47 pm PDT

Another bank failed today:
Strategic Capital Bank in Illinois 35th Shut in 2009

May 22 (Bloomberg) — Strategic Capital Bank of Champaign, Illinois, was closed by regulators, pushing the toll of failed U.S. lenders to 35 this year amid the longest recession since the 1930s.

Strategic Capital, with assets of $537 million and deposits of $471 million, was shut by the Illinois Department of Financial and Professional Regulation and the Federal Deposit Insurance Corp. was named receiver, the FDIC said in a statement. The bank’s deposits were assumed by Midland States Bank of Effingham, Illinois.