Bank failure · IL

The Coffeen National Bank (Coffeen, IL) — failed July 12, 1984

The Coffeen National Bank of Coffeen, Illinois was closed on July 12, 1984 and resolved through a purchase and assumption. Coffeen State Bank (IL) took over its insured deposits. At failure it held $9.4M in assets and $9.4M in deposits. The FDIC's estimated loss on the failure is $1.7M (17.9% of assets).