# MERIDIAN BANK

> **Failed bank** · ELDRED, IL · failed 2008-10-10 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $17M

## What happened

MERIDIAN BANK of ELDRED, IL was closed by regulators on **2008-10-10**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 3569
- **FDIC Certificate:** 13789
- **FDIC FIN:** 10017
- **Bank name:** MERIDIAN BANK
- **Location:** ELDRED, IL
- **Failure date:** 2008-10-10
- **FDIC resolution date:** 2008-10-10
- **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:** $17M
- **Deposits at failure:** $36M
- **Assets at failure:** $38M
- **Acquiring bank:** NATIONAL BANK (HILLSBORO, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERIDIAN BANK (FDIC ID 3569), failed 2008-10-10. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3569.

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