THE LEWISTOWN BANK Failed 1987
What happened
THE LEWISTOWN BANK of LEWISTOWN, IL was closed on 1987-02-27. 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
- 1373
- FDIC Certificate
- 3695
- FDIC FIN
- 2652
- Bank name
- THE LEWISTOWN BANK
- Location
- LEWISTOWN, IL
- Failure date
- 1987-02-27
- FDIC resolution date
- 1987-02-27
- 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.)
- $4M
- Deposits at failure
- $15M
- Assets at failure
- $15M
- Acquiring bank
- NATIONAL BANK OF CANTON (CANTON, IL)
Other banks NATIONAL BANK OF CANTON acquired in FDIC resolutions