Second Illinois bank is closed by regulators (2 bank failures today)

UpInArms

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Fri May-22-09 09:35 PM
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Second Illinois bank is closed by regulators (2 bank failures today)

Source: CBS Marketwatch

SAN FRANCISCO (MarketWatch) -- Macomb, Ill.-based Citizens National Bank was closed by regulators, the 36th bank failure of the year and the second Illinois closure announced on Friday, according to the the Federal Deposit Insurance Corp. Morton, Ill.-based Morton Community Bank has agreed to assume the failed bank's deposits, the FDIC said. Citizens National had roughly $400 million in deposits as of May 13, and $437 million in assets, the FDIC said.

Read more: http://www.marketwatch.com/story/second-illinois-bank-is-closed-by-regulators?siteid=bnbh

Failed Bank List

Bank Name				CERT #	Closing Date	Updated Date
Citizens National Bank, Macomb, IL	5757	May 22 2009	May 22 2009
Strategic Capital Bank, Champaign, IL	35175	May 22 2009	May 22 2009
BankUnited, FSB, Coral Gables, FL	32247 	May 21 2009	May 21, 2009

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xchrom

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Sat May-23-09 08:15 AM
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1. recommend

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