Bank failure · IL
Meridian Bank (Eldred, IL) — failed October 10, 2008
Meridian Bank of Eldred, Illinois was closed on October 10, 2008 and resolved through a purchase and assumption. National Bank (IL) took over its insured deposits. At failure it held $38.2M in assets and $36.1M in deposits. The FDIC's estimated loss on the failure is $16.6M (43.5% of assets).
- Closing date
- October 10, 2008
- FDIC certificate #
- 13789
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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