![]() 2017 FDIC Insured Failed Banks |
May 26, 2017:
Fayette County Bank was closed by the Illinois Department of Financial and
Professional Regulation - Division of Banking. The FDIC was named
Receiver. Successor Bank: United Fidelity Bank, FSB, Evansville, Indiana acquired all deposit accounts and certain assets.
UNITED
FIDELITY BANK, FSB History: 1915: Established as Fayette County Bank
► Depositors must establish
contact or the successor bank or the FDIC to reclaim their deposits.
► Not every depositor in a failed bank will receive notification from the
FDIC, and there are time limits on claims of FDIC-insured bank accounts,
CDs and safe deposit boxes. By law, accounts which go unclaimed for an
extended period may be time barred, and safe deposit boxes can be drilled
and the contents sold at auction. ► Additionally, accounts transferred to
successor institutions may have lower interest rates and can lose
insurance coverage. ► It is important to understand
you may have an account at a failed institution and not know it,
either because you were a depositor at a bank acquired by an institution
that subsequently failed, or if you or a deceased family member are the
beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search |
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FAYETTE COUNTY BANK 320 NORTH MAIN STREET SAINT ELMO, IL |
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Established as Fayette County Bank |
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Cost to FDIC: $10 million |
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