Bank failure · IL

Eagle Bank of Champaign County, National a (Rantoul, IL) — failed July 1, 1993

Eagle Bank of Champaign County, National a of Rantoul, Illinois was closed on July 1, 1993 and resolved through a purchase and assumption (insured deposits). Busey Bank (IL) took over its insured deposits. At failure it held $20.2M in assets and $19.7M in deposits. The FDIC's estimated loss on the failure is $679K (3.4% of assets).