Friday, October 14, 2011

Bank Failure #80: Country Bank, Aledo, Illinois

by Bill McBride on 10/14/2011 07:14:00 PM

Get to da' choppah's
Country Bank is mown over
Blackhawk taking down.

by Soylent Green is People

From the FDIC: Blackhawk Bank & Trust, Milan, Illinois, Assumes All of the Deposits of Country Bank, Aledo, Illinois
As of June 30, 2011, Country Bank had approximately $190.6 million in total assets and $167.5 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $66.3 million. ... Country Bank is the 80th FDIC-insured institution to fail in the nation this year, and the eighth in Illinois.
That makes four today.