STATE BANK OF FARMERSVILLE Failed 1985

FARMERSVILLE, IL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

STATE BANK OF FARMERSVILLE of FARMERSVILLE, IL was closed on 1985-08-09. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to LITCHFIELD BANK&TRUST CO (LITCHFIELD, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1048
FDIC Certificate
10085
FDIC FIN
2492
Bank name
STATE BANK OF FARMERSVILLE
Location
FARMERSVILLE, IL
Failure date
1985-08-09
FDIC resolution date
1985-08-09
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$2M
Deposits at failure
$12M
Assets at failure
$12M
Acquiring bank
LITCHFIELD BANK&TRUST CO (LITCHFIELD, IL)