EAGLE BANK OF CHAMPAIGN COUNTY, NATIONAL A Failed 1993

What happened

EAGLE BANK OF CHAMPAIGN COUNTY, NATIONAL A of RANTOUL, IL was closed on 1993-07-01. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to BUSEY BANK (URBANA, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3462

FDIC Certificate

3733

FDIC FIN

4585

Bank name

EAGLE BANK OF CHAMPAIGN COUNTY, NATIONAL A

Location

RANTOUL, IL

Failure date

1993-07-01

FDIC resolution date

1993-07-01

Charter type

National commercial bank (OCC-chartered)

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$1M

Deposits at failure

$20M

Assets at failure

$20M

Acquiring bank

BUSEY BANK (URBANA, IL)