Bank failure · IL

Farmers' and Traders' State Bank (Shabbona, IL) — failed June 8, 2012

Farmers' and Traders' State Bank of Shabbona, Illinois was closed on June 8, 2012 and resolved through a purchase and assumption. First State Bank (IL) took over its insured deposits. At failure it held $43.1M in assets and $42.3M in deposits. The FDIC's estimated loss on the failure is $10.2M (23.8% of assets).