Bank failure · IL
Valley Community Bank (St. Charles, IL) — failed February 25, 2011
Valley Community Bank of St. Charles, Illinois was closed on February 25, 2011 and resolved through a purchase and assumption. First State Bank (IL) took over its insured deposits. At failure it held $123.8M in assets and $124.2M in deposits. The FDIC's estimated loss on the failure is $28.3M (22.8% of assets).
- Closing date
- February 25, 2011
- FDIC certificate #
- 34187
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First State Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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