Bank failure · IL
Corn Belt Bank and Trust Company (Pittsfield, IL) — failed February 13, 2009
Corn Belt Bank and Trust Company of Pittsfield, Illinois was closed on February 13, 2009 and resolved through a purchase and assumption. The Carlinville National Bank (IL) took over its insured deposits. At failure it held $260.2M in assets and $233.8M in deposits. The FDIC's estimated loss on the failure is $80.9M (31.1% of assets).
- Closing date
- February 13, 2009
- FDIC certificate #
- 16500
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Carlinville National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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