Six Illinois banks ultimately controlled by the same ownership group were among the seven

new bank failures

last week, making the state home to the second most bank collapses in the financial crisis.

The seven failures last week were the most in a single week in the past two years. All 77 bank failures since the beginning of 2008 are detailed on

TheStreet.com's

interactive bank failure map:

The six Illinois failures brings its total number of failures since the start of 2008 to 13, moving it two ahead of

California

with 11.

Georgia

leads all states with 14 bank or thrift failures over the past two years.

Florida

follows with five and Nevada with four.

The six failed Illinois banks controlled by the Campbell Group had combined total assets of $1.4 billion. State regulators closed five of the banks and the Federal Deposit Insurance Corp arranged for assets and deposits to be sold to competitors.

The John Warner Bank

of Clinton's assets and deposits were acquired by

State Bank of Lincoln

.

First State Bank of Winchester's

assets and deposits were acquired by

The First National Bank of Beardstown

.

Rock River Bank

of Oregon sold its deposits and assets to

The Harvard State Bank

.

Galena State Bank and Trust

, a subsidiary of

Heartland Financial

(HTLF) - Get Report

bought deposits and assets of failed

Elizabeth State Bank

.

The PrivateBank and Trust Company

of Chicago, a subsidiary of

Privatebancorp

(PVTB)

purchased the assets and deposits of

Founders Bank

of Worth, Ill.

The Office of the Comptroller of the Currency took over

First National Bank of Danville

and the FDIC arranged for

First Financial Bank

, held by

First Financial Corp.

(THFF) - Get Report

.of Terre Haute, Ind. to take over all of the failed institution's deposits and branches.

Also Thursday, Texas state regulators shut down Dallas-based

Millennium State Bank of Texas

and the FDIC sold the failed institution's deposits and branches to Irving-based

State Bank of Texas

.

All seven failed banks were included in

TheStreet.com's

recent list of 89

undercapitalized banks and thrifts

.

Large bank holding companies that have acquired failed institutions during 2008 and 2009 include

JPMorgan Chase

(JPM) - Get Report

, which acquired

Washington Mutual

, the largest bank or thrift ever to fail in the U.S.,

SunTrust Banks

(STI) - Get Report

,

Regions Financial

(RF) - Get Report

,

Zions Bancorp

(ZION) - Get Report

,

Fifth Third Bancorp

(FITB) - Get Report

,

US Bancorp

(USB) - Get Report

and

BB&T

(BBT) - Get Report

.

TheStreet.com Ratings, recently cited for Best Stock Selection from October 2007 through February 2009, is an independent research provider that combines fundamental and technical analysis to offer investors tremendous value in volatile times. It provides independent and very conservative financial strength ratings on each of the nation's 8,500 banks and savings and loans, which are available at no charge on the Banks & Thrifts Screener. To see how your portfolio can use this and other research, click here now!

.

Philip W. van Doorn joined TheStreet.com Ratings., Inc., in February 2007. He is the senior analyst responsible for assigning financial strength ratings to banks and savings and loan institutions. He also comments on industry and regulatory trends. Mr. van Doorn has fifteen years experience, having served as a loan operations officer at Riverside National Bank in Fort Pierce, Florida, and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a Bachelor of Science in business administration from Long Island University.