# STATE BANK OF FARMERSVILLE

> **Failed bank** · FARMERSVILLE, IL · failed 1985-08-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

STATE BANK OF FARMERSVILLE of FARMERSVILLE, IL was closed by regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $12M
- **Assets at failure:** $12M
- **Acquiring bank:** LITCHFIELD BANK&TRUST CO (LITCHFIELD, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=STATE%20BANK%20OF%20FARMERSVILLE

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE BANK OF FARMERSVILLE (FDIC ID 1048), failed 1985-08-09. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1048.

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