On Thursday, July 2, 2009 The First State Bank of Winchester was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. The FDIC was named Receiver. First National Bank of Beardstown, Beardstown, IL acquired all deposit accounts.
The FDIC as Receiver for The First State Bank of Winchester, Winchester, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on April 9, 2021 and has made all dividend distributions required by law.
Effective July 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to
obtain information from you.
ACQUIRING INSTITUTION: First National Bank of Beardstown
About First National Bank of Beardstown
All deposit accounts were transferred to First National Bank of Beardstown, Beardstown, IL ("assuming institution"). Former The First State Bank of Winchester locations reopened as branches of First National Bank of Beardstown.
Your transferred deposits were separately insured from any accounts you may have already had at First National Bank of Beardstown for at least six months after the failure of The First State Bank of Winchester.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First National Bank of Beardstown as long as the deposits are not pledged as collateral for loans.
Contacting First National Bank of Beardstown
You can contact First National Bank of Beardstown:
First National Bank of Beardstown
300 Washington Street
Beardstown, IL 62618
First National Bank of Beardstown (bankingyoufirst.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank