The Graveyard › Banks › 2009

Corn Belt Bank and Trust Company

Pittsfield, IL · failed February 13, 2009 · FDIC certificate 16500

Corn Belt Bank and Trust Company of Pittsfield, IL failed on February 13, 2009. It opened on October 25, 1946, 62 years before. At its last report before that it held $260.2 million in assets and $233.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $344.0 million. The FDIC estimates that the Deposit Insurance Fund lost $80.9 million on it.

1984-032008-12

Assets at the end$260.2 millionlast report before February 13, 2009

Deposits at the end$233.8 million

Estimated loss to the fund$80.9 millionDIF

Largest in the quarterly reports$344.0 millionSeptember 30, 2007

Equity to assets3.4%December 31, 2008

Loans not being repaid5.0%noncurrent, December 31, 2008

Return on assets-5.90%a year's rate, December 31, 2008

Staff37full time, December 31, 2008

Could you have seen it coming? Play The Crash of '08

Also ended in 2009

Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.