The Illinois Department of Financial and Professional Regulation too over
of Aledo, which had $190.6 million in assets and $167.5 million in deposits.
The FDIC was appointed receiver and sold the failed bank's deposits to
Blackhawk Bank & Trust
of Milan, Ill. The acquiring bank also purchased $113.3 million of the filed bank's assets, with the FDIC retaining the remaining assets for later disposition.
The failed bank's two branches were scheduled to reopen Saturday as branches of Blackhawk Bank & Trust.
The FDIC estimated that the cost of Country Bank's failure to the deposit insurance fund would be $66.3 million.
Thorough Bank Failure Coverage
leads all states with 20 bank failures this year, followed by
, with 11 failures, and
, with eight bank closures.
All 401 bank and thrift closures since the beginning of 2008 are detailed in
interactive bank failure map:
The bank failure map is color-coded, with the states having the greatest number of failures highlighted in dark gray, and states with no failures in light green. By moving your mouse over a state you can see its combined 2008-2011 totals. Then click the state to open a detailed map pinpointing the locations and providing additional information for each bank failure.
Written by Philip van Doorn in Jupiter, Fla.
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Philip van Doorn
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