FARMERS' AND TRADERS' STATE BANK Failed 2012
What happened
FARMERS' AND TRADERS' STATE BANK of SHABBONA, IL was closed on 2012-06-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST STATE BANK (MENDOTA, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4008
- FDIC Certificate
- 9257
- FDIC FIN
- 10442
- Bank name
- FARMERS' AND TRADERS' STATE BANK
- Location
- SHABBONA, IL
- Failure date
- 2012-06-08
- FDIC resolution date
- 2012-06-08
- 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
- $42M
- Assets at failure
- $43M
- Acquiring bank
- FIRST STATE BANK (MENDOTA, IL)
Other banks FIRST STATE BANK acquired in FDIC resolutions
- VALLEY COMMUNITY BANK (ST. CHARLES, IL) — failed 2011-02-25
- FIRST NATIONAL BANK OF CEDAR HILL (CEDAR HILL, TX) — failed 1991-05-16
- FIRST FSA OF WEWOKA (WEWOKA, OK) — failed 1991-03-08
- BANK OF MEEKER (MEEKER, OK) — failed 1990-03-15
- CITIZENS BANK AND TRUST (CALVERT, TX) — failed 1989-03-09
- THE FIRST NATIONAL BANK OF GRACEMONT (GRACEMONT, OK) — failed 1988-11-10
- ROUND ROCK NATIONAL BANK (ROUND ROCK, TX) — failed 1988-10-27
- FRONTIER NATIONAL BANK (ROUND ROCK, TX) — failed 1988-10-27
- FIRST STATE BANK (SEMINOLE, OK) — failed 1988-09-29
- FIRST NATIONAL BANK AUSTIN (AUSTIN, TX) — failed 1988-08-18