Bank failure · IL

The First National Bank of Danville (Danville, IL) — failed July 2, 2009

The First National Bank of Danville of Danville, Illinois was closed on July 2, 2009 and resolved through a purchase and assumption. First Financial Bank, National Association (IN) took over its insured deposits. At failure it held $148.2M in assets and $140.2M in deposits. The FDIC's estimated loss on the failure is $24.2M (16.3% of assets).