Bank failure · IL

Kempton State Bank (Kempton, IL) — failed February 7, 1992

Kempton State Bank of Kempton, Illinois was closed on February 7, 1992 and resolved through a purchase and assumption. Vermilion Valley Bank (IL) took over its insured deposits. At failure it held $3.6M in assets and $3.6M in deposits. The FDIC's estimated loss on the failure is $564K (15.5% of assets).