Country Bank

The Illinois Department of Financial and Professional Regulation too over Country Bank 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

Georgia leads all states with 20 bank failures this year, followed by Florida, with 11 failures, and Illinois, with eight bank closures.

All 401 bank and thrift closures since the beginning of 2008 are detailed in TheStreet's 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.

To contact the writer, click here: Philip van Doorn.

To follow the writer on Twitter, go to
Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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