Bank Failure
The First State Bank of Winchester
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Closed July 2, 2009 · Winchester, IL · FDIC Cert #11710.
- Closing date
- July 2, 2009
- Headquarters
- Winchester, IL
- FDIC Certificate
- 11710
- Total assets at closing
- $30.1M
- Total deposits at closing
- $30.8M
- Estimated loss to the insurance fund
- $8.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- The First National Bank of Beardstown
Context
On July 2, 2009, regulators closed The First State Bank of Winchester, headquartered in Winchester, IL. At closing, the institution held approximately $30.1M in assets and $30.8M in deposits. The FDIC record names The First National Bank of Beardstown as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $8.0M.
By assets at closing this is the 2053rd largest of the 3,526 bank failures in the FDIC record, and the 136th 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 The First State Bank of Winchester fail?
The First State Bank of Winchester was closed by regulators on July 2, 2009.
Who acquired The First State Bank of Winchester?
The FDIC record names The First National Bank of Beardstown as the acquiring institution in the resolution of The First State Bank of Winchester.
How big was The First State Bank of Winchester when it failed?
The First State Bank of Winchester had approximately $30.1M in total assets and $30.8M 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 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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