Bank failure · IL
The Lewistown Bank (Lewistown, IL) — failed February 27, 1987
The Lewistown Bank of Lewistown, Illinois was closed on February 27, 1987 and resolved through a purchase and assumption. National Bank of Canton (IL) took over its insured deposits. At failure it held $15.3M in assets and $14.9M in deposits. The FDIC's estimated loss on the failure is $4.2M (27.3% of assets).
- Closing date
- February 27, 1987
- FDIC certificate #
- 3695
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- National Bank of Canton
- Insurance fund
- FDIC
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