INDEPENDENT BANKERS' BANK Failed 2009

What happened

INDEPENDENT BANKERS' BANK of SPRINGFIELD, IL was closed on 2009-12-18. The FDIC was named receiver.

Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to THE INDEPENDENT BANKERSBANK (IRVING, TX). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

3729

FDIC Certificate

26820

FDIC FIN

10166

Bank name

INDEPENDENT BANKERS' BANK

Location

SPRINGFIELD, IL

Failure date

2009-12-18

FDIC resolution date

2010-01-13

Charter type

State commercial bank, Federal Reserve member

Resolution type

Payout / Insured deposits — FDIC paid insured deposits directly to depositors

FDIC DIF cost (est.)

$0M

Deposits at failure

$511M

Assets at failure

$586M

Acquiring bank

THE INDEPENDENT BANKERSBANK (IRVING, TX)