KEMPTON STATE BANK Failed 1992

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

What happened

KEMPTON STATE BANK of KEMPTON, IL was closed on 1992-02-07. The FDIC was named receiver.

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

Deposits were transferred to VERMILION VALLEY BANK (PIPER CITY, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3270
FDIC Certificate
16377
FDIC FIN
4447
Bank name
KEMPTON STATE BANK
Location
KEMPTON, IL
Failure date
1992-02-07
FDIC resolution date
1992-02-07
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.)
$1M
Deposits at failure
$4M
Assets at failure
$4M
Acquiring bank
VERMILION VALLEY BANK (PIPER CITY, IL)