Skip Header
U.S. flag

An official website of the United States government

Failed Bank Information for Country Bank, Aledo, IL

On Friday, October 14, 2011, Country Bank was closed by the Illinois Department of Financial and Professional Regulation - Division of Banking. The FDIC was named Receiver. Blackhawk Bank & Trust, Milan, IL acquired all deposit accounts.

The FDIC as Receiver for Country Bank, Aledo, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 22, 2023 and has made all dividend distributions required by law.

Effective September 1, 2023, 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, 2023


Notice of Intent to Terminate

Publication Date: May 22, 2023

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.

ACQUIRING INSTITUTION: BLACKHAWK BANK & TRUST

About Blackhawk Bank & Trust

All deposit accounts, excluding the Cede & Co. deposits, were transferred to Blackhawk Bank & Trust, Milan, IL ("assuming institution"). Former Country Bank locations reopened as branches of Blackhawk Bank & Trust.

Your transferred deposits were separately insured from any accounts you may have already had at Blackhawk Bank & Trust for at least six months after the failure of Country Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Blackhawk Bank & Trust as long as the deposits are not pledged as collateral for loans.

Contacting Blackhawk Bank & Trust

You can contact Blackhawk Bank & Trust:

Blackhawk Bank & Trust
301 4th St W
Milan, IL 61264

Blackhawk Bank & Trust ( www.choosethechief.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank