THE ELIZABETH STATE BANK Failed 2009

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

What happened

THE ELIZABETH STATE BANK of ELIZABETH, IL was closed on 2009-07-02. The FDIC was named receiver.

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

Deposits were transferred to GALENA STATE BANK AND TRUST (GALENA, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3640
FDIC Certificate
9262
FDIC FIN
10073
Bank name
THE ELIZABETH STATE BANK
Location
ELIZABETH, IL
Failure date
2009-07-02
FDIC resolution date
2009-07-02
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.)
$10M
Deposits at failure
$48M
Assets at failure
$55M
Acquiring bank
GALENA STATE BANK AND TRUST (GALENA, IL)