# THE ROCHELLE BK & TR CO.

> **Failed bank** · ROCHELLE, IL · failed 1980-10-11 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

THE ROCHELLE BK & TR CO. of ROCHELLE, IL was closed by regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** UNITED BANK OF ROCHELLE (ROCHELLE, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20ROCHELLE%20BK%20%26%20TR%20CO.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE ROCHELLE BK & TR CO. (FDIC ID 580), failed 1980-10-11. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/580.

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