# COLES COUNTY NATIONAL BANK OF CHARLESTON

> **Failed bank** · CHARLESTON, IL · failed 1982-05-01 · National commercial bank (OCC-chartered) · FDIC cost $2M

## What happened

COLES COUNTY NATIONAL BANK OF CHARLESTON of CHARLESTON, IL was closed by the OCC on **1982-05-01**. The FDIC was named receiver.

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

Deposits were transferred to **EAGLE BANK OF CHARLESTON** (CHARLESTON, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 666
- **FDIC Certificate:** 18299
- **FDIC FIN:** 2309
- **Bank name:** COLES COUNTY NATIONAL BANK OF CHARLESTON
- **Location:** CHARLESTON, IL
- **Failure date:** 1982-05-01
- **FDIC resolution date:** 1982-05-01
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $24M
- **Assets at failure:** $27M
- **Acquiring bank:** EAGLE BANK OF CHARLESTON (CHARLESTON, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COLES%20COUNTY%20NATIONAL%20BANK%20OF%20CHARLESTON

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COLES COUNTY NATIONAL BANK OF CHARLESTON (FDIC ID 666), failed 1982-05-01. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/666.

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