Bank failure · IL
Country Bank (Aledo, IL) — failed October 14, 2011
Country Bank of Aledo, Illinois was closed on October 14, 2011 and resolved through a purchase and assumption. Blackhawk Bank & Trust (IL) took over its insured deposits. At failure it held $195.0M in assets and $180.8M in deposits. The FDIC's estimated loss on the failure is $69.3M (35.5% of assets).
- Closing date
- October 14, 2011
- FDIC certificate #
- 35395
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Blackhawk Bank & Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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