February 25, 2011: Valley Community Bank, St. Charles, IL was
closed by the Illinois Department of Banking & Financial Regulation -
Division of Banking.
The Federal Deposit Insurance Corporation was named receiver.
Successor Bank: All deposit accounts, excluding certain brokered deposits, have been transferred to First State Bank, Mendota, Illinois.
First State Bank
History: Establishedin 1996 as Valley Community 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 or safe deposit box go to: Missing Funds Search
|2011 FDIC Insured Failed Banks|
620 East Main Street
St. Charles, IL 60174
|Cost to FDIC: $23 million|
|© 2014 NUPA - NATIONAL UNCLAIMED PROPERTY ASSOCIATES|