# STATE BANK OF CUBA

> **Failed bank** · CUBA, IL · failed 1987-01-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $2M

## What happened

STATE BANK OF CUBA of CUBA, IL was closed by regulators on **1987-01-09**. The FDIC was named receiver.

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

Deposits were transferred to **NATIONAL BANK OF CANTON** (CANTON, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1336
- **FDIC Certificate:** 12548
- **FDIC FIN:** 2632
- **Bank name:** STATE BANK OF CUBA
- **Location:** CUBA, IL
- **Failure date:** 1987-01-09
- **FDIC resolution date:** 1987-01-09
- **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:** $18M
- **Assets at failure:** $18M
- **Acquiring bank:** NATIONAL BANK OF CANTON (CANTON, IL)

## Other banks NATIONAL BANK OF CANTON has acquired in FDIC resolutions

- THE LEWISTOWN BANK (LEWISTOWN, IL) — failed 1987-02-27 — /failed-bank/1373

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, STATE BANK OF CUBA (FDIC ID 1336), failed 1987-01-09. Retrieved via AI Analytics 2026-06-26 from https://api.ai-analytics.org/failed-bank/1336.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*