Bank failure · IL
Fayette County Bank (Saint Elmo, IL) — failed May 26, 2017
Fayette County Bank of Saint Elmo, Illinois was closed on May 26, 2017 and resolved through a purchase and assumption. United Fidelity Bank, FSB (IN) took over its insured deposits. At failure it held $34.4M in assets and $34.0M in deposits. The FDIC's estimated loss on the failure is $8.1M (23.5% of assets).
- Closing date
- May 26, 2017
- FDIC certificate #
- 1802
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Fidelity Bank, fsb
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials