THE INA STATE BANK Failed 1983

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

What happened

THE INA STATE BANK of INA, IL was closed on 1983-04-08. The FDIC was named receiver.

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

Deposits were transferred to FIRST B&T CO MT VERNON (MOUNT VERNON, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
770
FDIC Certificate
1810
FDIC FIN
2341
Bank name
THE INA STATE BANK
Location
INA, IL
Failure date
1983-04-08
FDIC resolution date
1983-04-08
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.)
$3M
Deposits at failure
$17M
Assets at failure
$18M
Acquiring bank
FIRST B&T CO MT VERNON (MOUNT VERNON, IL)