# THE ELIZABETH STATE BANK

> **Failed bank** · ELIZABETH, IL · failed 2009-07-02 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $10M

## What happened

THE ELIZABETH STATE BANK of ELIZABETH, IL was closed by regulators 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
- **Estimated FDIC DIF cost:** $10M
- **Deposits at failure:** $48M
- **Assets at failure:** $55M
- **Acquiring bank:** GALENA STATE BANK AND TRUST (GALENA, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE ELIZABETH STATE BANK (FDIC ID 3640), failed 2009-07-02. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3640.

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