Four Bank Failures In Four States Brings Year’s Total To 80

Regulators across the nation had a busy Friday evening, closing four banks in four different states. This week’s banking failures increase the total number of failed banks for 2011 to 80.  During 2010, regulators closed a total of 157 banks across the nation.  The FDIC is optimistically predicting a much lower number of banking failures […]

Country Bank, Aledo, IL, Becomes 8th Illinois Banking Failure

An Illinois bank that still owed $4 million to the U.S. Treasury under the TARP program was closed today in Illinois.  Country Bank, Aledo, IL, was closed by state regulators who appointed the FDIC as receiver.  The failed bank was sold by the FDIC to Blackhawk Bank & Trust, Milan, IL, which will assume all […]