CLINTON – Customers of the John Warner Bank in Clinton shouldn't see much difference when the bank opens today, even though it failed Thursday evening.

FDIC spokesman David Barr said "all deposits are fully protected."

"Every day, banks merge. If we didn't make the announcement today, I doubt (customers) would have noticed until the new signage is up," he said.

The Clinton bank was one of several that were closed by the Illinois Department of Financial and Professional Regulation and the FDIC on Thursday, including the First National Bank of Danville.

John Warner Bank will be purchased by State Bank of Lincoln.

It was the 52nd bank failure of 2009, and the 12th Illinois bank to fail this year, the FDIC said, though more banks were joining the list Thursday.

The bank closed at 3 p.m. Thursday with little attention, Barr said.

The three offices of the John Warner Bank will reopen today (despite the Fourth of July holiday) as branches of State Bank of Lincoln, the FDIC said in a press release. Depositors of the John Warner Bank will automatically become depositors of State Bank of Lincoln.

As of April 30, the John Warner Bank had total assets of $70 million and total deposits of approximately $64 million, according to the FDIC. State Bank of Lincoln paid a premium of 4.1 percent to acquire all of the deposits of the failed bank. In addition to assuming all of the deposits of the failed bank, State Bank of Lincoln agreed to purchase approximately $63 million of assets. The FDIC will retain the remaining assets for later disposition.

The FDIC and State Bank of Lincoln entered into a loss-share transaction on approximately $31 million of the John Warner Bank's assets. State Bank of Lincoln will share in the losses on the asset pools covered under the loss-share agreement, the federal agency said.

Here is information from the FDIC about the bank purchase in Danville; information about the bank purchase in Clinton; information about the failure of the Danville bank; and information about the failure of the Clinton bank.