Bank failure · IL
Rock River Bank (Oregon, IL) — failed July 2, 2009
Rock River Bank of Oregon, Illinois was closed on July 2, 2009 and resolved through a purchase and assumption. The Harvard Bank (IL) took over its insured deposits. At failure it held $74.8M in assets and $74.9M in deposits. The FDIC's estimated loss on the failure is $18.6M (24.8% of assets).
- Closing date
- July 2, 2009
- FDIC certificate #
- 15302
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Harvard Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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