STRATEGIC CAPITAL BANK Failed 2009
What happened
STRATEGIC CAPITAL BANK of CHAMPAIGN, 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 MIDLAND STATES BANK (EFFINGHAM, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3629
- FDIC Certificate
- 35175
- FDIC FIN
- 10062
- Bank name
- STRATEGIC CAPITAL BANK
- Location
- CHAMPAIGN, IL
- Failure date
- 2009-05-22
- FDIC resolution date
- 2009-05-22
- 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.)
- $93M
- Deposits at failure
- $479M
- Assets at failure
- $547M
- Acquiring bank
- MIDLAND STATES BANK (EFFINGHAM, IL)
Other banks MIDLAND STATES BANK acquired in FDIC resolutions