CORN BELT BANK AND TRUST COMPANY Failed 2009

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

What happened

CORN BELT BANK AND TRUST COMPANY of PITTSFIELD, IL was closed on 2009-02-13. The FDIC was named receiver.

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

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

Key facts

FDIC ID
3604
FDIC Certificate
16500
FDIC FIN
10037
Bank name
CORN BELT BANK AND TRUST COMPANY
Location
PITTSFIELD, IL
Failure date
2009-02-13
FDIC resolution date
2009-02-13
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.)
$81M
Deposits at failure
$234M
Assets at failure
$260M
Acquiring bank
THE CARLINVILLE NATIONAL BANK (CARLINVILLE, IL)