Bank failure · IL

Citizens First National Bank (Princeton, IL) — failed November 2, 2012

Citizens First National Bank of Princeton, Illinois was closed on November 2, 2012 and resolved through a purchase and assumption. Heartland Bank and Trust Company (IL) took over its insured deposits. At failure it held $924.0M in assets and $869.4M in deposits. The FDIC's estimated loss on the failure is $32.5M (3.5% of assets).