Bank Failure
Independent Bankers' Bank
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Closed December 18, 2009 · Springfield, IL · FDIC Cert #26820.
- Closing date
- December 18, 2009
- Headquarters
- Springfield, IL
- FDIC Certificate
- 26820
- Total assets at closing
- $585.5M
- Total deposits at closing
- $511.5M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- The Independent Bankersbank
Context
On December 18, 2009, regulators closed Independent Bankers' Bank, headquartered in Springfield, IL. At closing, the institution held approximately $585.5M in assets and $511.5M in deposits. The FDIC record names The Independent Bankersbank as the acquiring institution in the resolution.
By assets at closing this is the 329th largest of the 3,526 bank failures in the FDIC record, and the 40th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Independent Bankers' Bank fail?
Independent Bankers' Bank was closed by regulators on December 18, 2009.
Who acquired Independent Bankers' Bank?
The FDIC record names The Independent Bankersbank as the acquiring institution in the resolution of Independent Bankers' Bank.
How big was Independent Bankers' Bank when it failed?
Independent Bankers' Bank had approximately $585.5M in total assets and $511.5M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
| Dec 11, 2009 | Republic Federal Bank, N.A. | $433.0M |
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