Bank failure · IL

Coles County National Bank of Charleston (Charleston, IL) — failed May 1, 1982

Coles County National Bank of Charleston of Charleston, Illinois was closed on May 1, 1982 and resolved through a purchase and assumption. Eagle Bank of Charleston (IL) took over its insured deposits. At failure it held $26.8M in assets and $24.2M in deposits. The FDIC's estimated loss on the failure is $2.2M (8.4% of assets).