Each depositor insured to at least $250,000 per insured bank

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Bid Summary

Corn Belt Bank and Trust Company
Pittsfield, IL
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.

Last Updated 03/22/2010