On Friday, December 18, 2009, Independent Bankers' Bank, Springfield, IL was closed by the Illinois Department of Financial and Professional Regulation - Division of Banking and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. To protect depositors, the FDIC transferred the insured deposits and substantially all of the assets of Independent Bankers' Bank to Independent Bankers' Bank Bridge Bank, National Association, a full-service bank that will be operated by the FDIC.
On Wednesday, January 13, 2010, the FDIC completed the sale of Independent Bankers' Bank Bridge Bank, National Association to The Independent BankersBank (TIB), Irving, TX.
The FDIC as Receiver for Independent Bankers' Bank, Springfield, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 6, 2025 and has made all dividend distributions required by law.
Effective August 1, 2025, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Effective Date: August 1, 2025
Notice of Intent to Terminate
Publication Date: February 6, 2025
Dividend Information
Report on dividends paid
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TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement dated December 18, 2009
Agreement between FDIC and the bridge bank
Purchase & Assumption Agreement dated January 13, 2010
Agreement between FDIC and acquiring institution
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