Bank failure · IL
Peotone Bank and Trust Company (Peotone, IL) — failed April 23, 2010
Peotone Bank and Trust Company of Peotone, Illinois was closed on April 23, 2010 and resolved through a purchase and assumption. First Midwest Bank (IL) took over its insured deposits. At failure it held $130.2M in assets and $124.7M in deposits. The FDIC's estimated loss on the failure is $45.6M (35.0% of assets).
- Closing date
- April 23, 2010
- FDIC certificate #
- 10888
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Midwest Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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