Bank failure · IL

Bond County State Bank (Pocahontas, IL) — failed April 25, 1988

Bond County State Bank of Pocahontas, Illinois was closed on April 25, 1988 and resolved through a a/a. Bond County State Bank (IL) took over its insured deposits. At failure it held $6.3M in assets and $6.6M in deposits. The FDIC's estimated loss on the failure is $660K (10.4% of assets).