THE JOHN WARNER BANK Failed 2009
What happened
THE JOHN WARNER BANK of CLINTON, 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 STATE BANK OF LINCOLN (LINCOLN, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3642
- FDIC Certificate
- 12093
- FDIC FIN
- 10076
- Bank name
- THE JOHN WARNER BANK
- Location
- CLINTON, 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.)
- $14M
- Deposits at failure
- $65M
- Assets at failure
- $70M
- Acquiring bank
- STATE BANK OF LINCOLN (LINCOLN, IL)