Corn Belt Bank and Trust Company,
Closing Date: February 13, 2009
Winning Bidder: The Carlinville National Bank, Carlinville, IL
Winning Bid: All deposits P&A, Deposit Premium 1.75%
No other bids were received
- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets.
- For more information on the bid disclosure policy, see www.fdic.gov/about/freedom/biddocs.html.