Bank failure · IL
The Rochelle Bk & Tr Co. (Rochelle, IL) — failed October 11, 1980
The Rochelle Bk & Tr Co. of Rochelle, Illinois was closed on October 11, 1980 and resolved through a purchase and assumption. United Bank of Rochelle (IL) took over its insured deposits. At failure it held $8.4M in assets and $7.6M in deposits. The FDIC's estimated loss on the failure is $778K (9.2% of assets).
- Closing date
- October 11, 1980
- FDIC certificate #
- 17762
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- United Bank of Rochelle
- Insurance fund
- FDIC
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