On Friday, June 8, 2012, Farmers鈥 & Traders鈥 State Bank was closed by the Illinois Department of Financial and Professional Regulation. The 多宝游戏下载 was named Receiver. First State Bank, Mendota, IL acquired all deposit accounts.
The 多宝游戏下载 as Receiver for Farmers鈥 & Traders鈥 State Bank, Shabbona, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on November 5, 2018 and has made all dividend distributions required by law.
Effective May 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
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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: FIRST STATE BANK
About First State Bank
All deposit accounts, including brokered deposits, were transferred to First State Bank, Mendota, IL ("assuming institution"). Former Farmers鈥 & Traders鈥 State Bank locations reopened as branches of First State Bank.
Your transferred deposits were separately insured from any accounts you may have already had at First State Bank for at least six months after the failure of Farmers鈥 & Traders鈥 State Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First State Bank as long as the deposits are not pledged as collateral for loans.
Contacting First State Bank
You can contact First State Bank:
First State Bank
706-8 Washington Street
Mendota, IL 61342
First State Bank (www.firststatebank.biz)
Transaction Documentation
Purchase & Assumption Agreement
Agreement between 多宝游戏下载 and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank