CITIZENS NATIONAL BANK Failed 2009

MACOMB, IL · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

CITIZENS NATIONAL BANK of MACOMB, IL was closed on 2009-05-22. The FDIC was named receiver.

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

Deposits were transferred to MORTON COMMUNITY BANK (EFFINGHAM, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3628
FDIC Certificate
5757
FDIC FIN
10063
Bank name
CITIZENS NATIONAL BANK
Location
MACOMB, IL
Failure date
2009-05-22
FDIC resolution date
2009-05-22
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$30M
Deposits at failure
$394M
Assets at failure
$439M
Acquiring bank
MORTON COMMUNITY BANK (EFFINGHAM, IL)