CITIZENS FIRST NATIONAL BANK Failed 2012
What happened
CITIZENS FIRST NATIONAL BANK of PRINCETON, IL was closed on 2012-11-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4030
- FDIC Certificate
- 3731
- FDIC FIN
- 10464
- Bank name
- CITIZENS FIRST NATIONAL BANK
- Location
- PRINCETON, IL
- Failure date
- 2012-11-02
- FDIC resolution date
- 2012-11-02
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $32M
- Deposits at failure
- $869M
- Assets at failure
- $924M
- Acquiring bank
- HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL)
Other banks HEARTLAND BANK AND TRUST COMPANY acquired in FDIC resolutions