Bank Failure
THE ELIZABETH STATE BANK
Closed July 2, 2009 · ELIZABETH, IL · FDIC Cert #9262.
- Closing date
- July 2, 2009
- Headquarters
- ELIZABETH, IL
- FDIC Certificate
- 9262
- Total assets at closing
- $55,027,000
- Total deposits at closing
- $48,131,000
- Estimated loss to DIF
- $9,832,000
- Resolution type
- other
- Acquirer
- GALENA STATE BANK AND TRUST (FDIC Cert #10073)
Context
On July 2, 2009, regulators closed THE ELIZABETH STATE BANK, headquartered in ELIZABETH, IL. At closing, the institution held approximately $55,027,000 in assets and $48,131,000 in deposits. The FDIC arranged a resolution under which GALENA STATE BANK AND TRUST acquired the failed bank's operations. The estimated cost to the FDIC Deposit Insurance Fund was approximately $9,832,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 2009
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 2009-12-18 | FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK | SANTA MONICA, CA | $6,143,903,000 |
| 2009-12-18 | IMPERIAL CAPITAL BANK | LA JOLLA, CA | $4,046,888,000 |
| 2009-12-18 | PEOPLES FIRST COMMUNITY BANK | PANAMA CITY, FL | $1,795,420,000 |
| 2009-12-18 | NEW SOUTH FEDERAL SAVINGS BANK | IRONDALE, AL | $1,464,127,000 |
| 2009-12-18 | INDEPENDENT BANKERS' BANK | SPRINGFIELD, IL | $585,508,000 |
| 2009-12-18 | ROCKBRIDGE COMMERCIAL BANK | ATLANTA, GA | $294,024,000 |
| 2009-12-18 | CITIZENS STATE BANK | NEW BALTIMORE, MI | $168,551,000 |
| 2009-12-11 | SOLUTIONSBANK | OVERLAND PARK, KS | $511,103,000 |
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