Bank failure · IL
The Ina State Bank (Ina, IL) — failed April 8, 1983
The Ina State Bank of Ina, Illinois was closed on April 8, 1983 and resolved through a purchase and assumption. First B&t Co Mt Vernon (IL) took over its insured deposits. At failure it held $17.7M in assets and $16.6M in deposits. The FDIC's estimated loss on the failure is $2.8M (15.7% of assets).
- Closing date
- April 8, 1983
- FDIC certificate #
- 1810
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First B&t Co Mt Vernon
- Insurance fund
- FDIC
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