THE ROCHELLE BK & TR CO. Failed 1980

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

What happened

THE ROCHELLE BK & TR CO. of ROCHELLE, IL was closed on 1980-10-11. The FDIC was named receiver.

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

Deposits were transferred to UNITED BANK OF ROCHELLE (ROCHELLE, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
580
FDIC Certificate
17762
FDIC FIN
2284
Bank name
THE ROCHELLE BK & TR CO.
Location
ROCHELLE, IL
Failure date
1980-10-11
FDIC resolution date
1980-10-11
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.)
$1M
Deposits at failure
$8M
Assets at failure
$8M
Acquiring bank
UNITED BANK OF ROCHELLE (ROCHELLE, IL)