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Failed Bank Information for Arcola Homestead Savings Bank, Arcola, IL

On Friday, June 4, 2010, Arcola Homestead Savings Bank was closed by the Illinois Department of Professional Regulation - Division of Banking. The FDIC was named Receiver. An assuming institution could not be located.

The FDIC as Receiver for Arcola Homestead Savings Bank, Arcola, 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 September 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

Effective Date: September 1, 2021


Notice of Intent to Terminate

Publication Date: April 9, 2021

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
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.

PAYMENT OF INSURED ACCOUNTS

Depositors Mailed Checks For Their Insured Amounts

The FDIC has fulfilled its obligation to insured depositors by mailing checks for their insured amounts on Sunday evening, June 6, 2010.

Uninsured Depositors

As Receiver, the FDIC is charged with winding up the business affairs of the failed financial institution. This includes the disposition of assets and liabilities of the failed financial institution and payment of dividends, if any, to approved creditors in order of priority.