Friday, July 3, 2009

7 More Today


Bank Failures in Brief
2009

The list of Bank Failures in Brief is updated through July 2, 2009. Please address questions on this subject to the Customer Service Hotline (telephone: 888-206-4662).

July

Founders Bank, Worth, Illinois, with approximately $962.5 million in assets, was closed. The PrivateBank and Trust Company, Chicago, Illinois, has agreed to assume all deposits (approximately $848.9 million). (PR-119-2009)

Millennium State Bank of Texas, Dallas, Texas, with approximately $118 million in assets, was closed. State Bank of Texas, Irving, Texas, has agreed to assume all deposits (approximately $115 million). (PR-118-2009)

The First National Bank of Danville, Danville, Illinois, with approximately $166 million in assets, was closed. First Financial Bank, N.A., Terre Haute, Indiana, has agreed to assume all deposits (approximately $147 million). (PR-117-2009)

The Elizabeth State Bank, Elizabeth, Illinois, with approximately $55.5 million in assets, was closed. Galena State Bank and Trust Company, Galena, Illinois, has agreed to assume all deposits (approximately $50.4 million). (PR-116-2009)

Rock River Bank, Oregon, Illinois, with approximately $77 million in assets, was closed. The Harvard State Bank, Harvard, Illinois, has agreed to assume all deposits (approximately $75.8 million). (PR-115-2009)

The First State Bank of Winchester, Winchester, Illinois, with approximately $36 million in assets, was closed. The First National Bank of Beardstown, Beardstown, Illinois, has agreed to assume all deposits (approximately $34 million). (PR-114-2009)

The John Warner Bank, Clinton, Illinois, with approximately $70 million in assets, was closed. State Bank of Lincoln, Lincoln, Illinois, has agreed to assume all deposits (approximately $64 million). (PR-113-2009)

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