NEW YORK (The Houston Chronicle) -- Regulators on Friday shut down seven banks in Illinois, putting the number of U.S. bank failures this year at 57.

The Federal Deposit Insurance Corp. took over four banks in Chicago: New Century Bank, with $485.6 ?million in assets; Citizens Bank&Trust Co., with $77.3 million in assets; Broadway Bank, with $1.2 billion in assets; and Lincoln Park Savings Bank, with $199.9 million in assets.
The FDIC also took over Amcore Bank of Rockford, which had $3.8 billion in assets; Peotone Bank and Trust Co. in Peotone, with $130.2 million in assets; and Wheatland Bank of Naperville, with $437.2 million in assets.
The failure of Broadway Bank is expected to cost the FDIC's deposit insurance fund $394.3 million.
For the other banks, the estimated costs are: Amcore Bank, $220.3 million; New Century Bank, $125.3 million; Citizens Bank&Trust Co., $20.9 million; Lincoln Park Savings Bank, $48.4??million; Peotone Bank and Trust Co. , $31.7 million; and Wheatland Bank, $133 million.
Broadway Bank was owned by the family of Illinois Treasurer Alexi Giannoulias, a Democrat who is running for President Barack Obama's old Senate seat.