Bank failure · IL
Strategic Capital Bank (Champaign, IL) — failed May 22, 2009
Strategic Capital Bank of Champaign, Illinois was closed on May 22, 2009 and resolved through a purchase and assumption. Midland States Bank (IL) took over its insured deposits. At failure it held $546.6M in assets and $479.4M in deposits. The FDIC's estimated loss on the failure is $92.7M (17.0% of assets).
- Closing date
- May 22, 2009
- FDIC certificate #
- 35175
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Midland States Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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