# FIRST UNITED BANK

> **Failed bank** · CRETE, IL · failed 2012-09-28 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $34M

## What happened

FIRST UNITED BANK of CRETE, IL was closed by regulators on **2012-09-28**. The FDIC was named receiver.

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

Deposits were transferred to **OLD PLANK TRAIL COMMUNITY BANK, NATIONAL ASSOCIATION** (NEW LENOX, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 4025
- **FDIC Certificate:** 20685
- **FDIC FIN:** 10459
- **Bank name:** FIRST UNITED BANK
- **Location:** CRETE, IL
- **Failure date:** 2012-09-28
- **FDIC resolution date:** 2012-09-28
- **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:** $34M
- **Deposits at failure:** $317M
- **Assets at failure:** $328M
- **Acquiring bank:** OLD PLANK TRAIL COMMUNITY BANK, NATIONAL ASSOCIATION (NEW LENOX, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST UNITED BANK (FDIC ID 4025), failed 2012-09-28. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/4025.

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