Bank Failure
The John Warner Bank
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Closed July 2, 2009 · Clinton, IL · FDIC Cert #12093.
- Closing date
- July 2, 2009
- Headquarters
- Clinton, IL
- FDIC Certificate
- 12093
- Total assets at closing
- $69.6M
- Total deposits at closing
- $65.2M
- Estimated loss to the insurance fund
- $14.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- State Bank of Lincoln
Context
On July 2, 2009, regulators closed The John Warner Bank, headquartered in Clinton, IL. At closing, the institution held approximately $69.6M in assets and $65.2M in deposits. The FDIC record names State Bank of Lincoln as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $14.3M.
By assets at closing this is the 1432nd largest of the 3,526 bank failures in the FDIC record, and the 127th 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 John Warner Bank fail?
The John Warner Bank was closed by regulators on July 2, 2009.
Who acquired The John Warner Bank?
The FDIC record names State Bank of Lincoln as the acquiring institution in the resolution of The John Warner Bank.
How big was The John Warner Bank when it failed?
The John Warner Bank had approximately $69.6M in total assets and $65.2M 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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