COUNTRY BANK Failed 2011

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

What happened

COUNTRY BANK of ALEDO, IL was closed on 2011-10-14. The FDIC was named receiver.

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

Deposits were transferred to BLACKHAWK BANK & TRUST (MILAN, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3968
FDIC Certificate
35395
FDIC FIN
10402
Bank name
COUNTRY BANK
Location
ALEDO, IL
Failure date
2011-10-14
FDIC resolution date
2011-10-14
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.)
$69M
Deposits at failure
$181M
Assets at failure
$195M
Acquiring bank
BLACKHAWK BANK & TRUST (MILAN, IL)