Bank failure · IL
The Elizabeth State Bank (Elizabeth, IL) — failed July 2, 2009
The Elizabeth State Bank of Elizabeth, Illinois was closed on July 2, 2009 and resolved through a purchase and assumption. Galena State Bank and Trust (IL) took over its insured deposits. At failure it held $55.0M in assets and $48.1M in deposits. The FDIC's estimated loss on the failure is $9.8M (17.9% of assets).
- Closing date
- July 2, 2009
- FDIC certificate #
- 9262
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Galena State Bank and Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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