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Bank Failures

Bid Summary for Corn Belt Bank and Trust Company, Pittsfield, IL

Corn Belt Bank and Trust Company, Pittsfield, IL
Closing Date: February 13, 2009

Failed Bank Information for Corn Belt Bank and Trust Company, Pittsfield, IL

Winning Bidder: The Carlinville National Bank, Carlinville, IL

Winning Bid: All deposits P&A, Deposit Premium 1.75%

No other bids were received

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: November 16, 2020