Bank failure · IL
Citizens National Bank (Macomb, IL) — failed May 22, 2009
Citizens National Bank of Macomb, Illinois was closed on May 22, 2009 and resolved through a purchase and assumption. Morton Community Bank (IL) took over its insured deposits. At failure it held $438.6M in assets and $393.6M in deposits. The FDIC's estimated loss on the failure is $30.3M (6.9% of assets).
- Closing date
- May 22, 2009
- FDIC certificate #
- 5757
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Morton Community Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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