# THE INA STATE BANK

> **Failed bank** · INA, IL · failed 1983-04-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

THE INA STATE BANK of INA, IL was closed by regulators 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
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $17M
- **Assets at failure:** $18M
- **Acquiring bank:** FIRST B&T CO MT VERNON (MOUNT VERNON, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20INA%20STATE%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE INA STATE BANK (FDIC ID 770), failed 1983-04-08. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/770.

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