Failed Bank Information for Corn Belt Bank and Trust Company, Pittsfield, IL
On Friday, February 13, 2009, Corn Belt Bank and Trust Company was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. The FDIC was named Receiver. The Carlinville National Bank, Carlinville, IL acquired all deposit accounts.
The FDIC as Receiver for Corn Belt Bank and Trust Company, Pittsfield, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 11, 2022 and has made all dividend distributions required by law.
Effective December 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: December 1, 2022
Publication Date: August 11, 2022
Beware 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.
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: THE CARLINVILLE NATIONAL BANK
About The Carlinville National Bank
All non-brokered deposit accounts were transferred to The Carlinville National Bank, Carlinville, IL ("assuming institution"). Former Corn Belt Bank and Trust Company locations reopened as branches of The Carlinville National Bank.
Your transferred deposits were separately insured from any accounts you may have already had at The Carlinville National Bank for at least six months after the failure of Corn Belt Bank and Trust Company.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with The Carlinville National Bank as long as the deposits are not pledged as collateral for loans.
Contacting The Carlinville National Bank
You can contact The Carlinville National Bank:
The Carlinville National Bank
450 W Side Sq
Carlinville, IL 62626
The Carlinville National Bank (www.cnbil.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (3Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank