FAYETTE COUNTY BANK Failed 2017
What happened
FAYETTE COUNTY BANK of SAINT ELMO, IL was closed on 2017-05-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED FIDELITY BANK, FSB (EVANSVILLE, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4094
- FDIC Certificate
- 1802
- FDIC FIN
- 10528
- Bank name
- FAYETTE COUNTY BANK
- Location
- SAINT ELMO, IL
- Failure date
- 2017-05-26
- FDIC resolution date
- 2017-05-26
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $34M
- Assets at failure
- $34M
- Acquiring bank
- UNITED FIDELITY BANK, FSB (EVANSVILLE, IN)
Other banks UNITED FIDELITY BANK, FSB acquired in FDIC resolutions