Bank failure · IL
The First State Bank of Winchester (Winchester, IL) — failed July 2, 2009
The First State Bank of Winchester of Winchester, Illinois was closed on July 2, 2009 and resolved through a purchase and assumption. The First National Bank of Beardstown (IL) took over its insured deposits. At failure it held $30.1M in assets and $30.8M in deposits. The FDIC's estimated loss on the failure is $8.0M (26.7% of assets).
- Closing date
- July 2, 2009
- FDIC certificate #
- 11710
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The First National Bank of Beardstown
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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