Bank failure · IL

State Bank of Farmersville (Farmersville, IL) — failed August 9, 1985

State Bank of Farmersville of Farmersville, Illinois was closed on August 9, 1985 and resolved through a purchase and assumption. Litchfield Bank&trust Co (IL) took over its insured deposits. At failure it held $12.0M in assets and $12.1M in deposits. The FDIC's estimated loss on the failure is $2.2M (18.2% of assets).