U.S. regulators close small Illinois bank

WASHINGTON, July 2 (Reuters) - U.S. bank regulators on Thursday said they closed John Warner Bank, a small bank in Illinois, marking the 46th U.S. bank failure so far this year.

The Federal Deposit Insurance Corp said the State Bank of Lincoln will acquire all the deposits of John Warner Bank. The failed bank had total assets of $70 million and total deposits of about $64 million, the FDIC said.

The failure is expected to cost the FDIC's deposit insurance fund about $10 million, the agency said. (Reporting by Karey Wutkowski)