Question
On May 26, 2017, Fayette County Bank, Saint Elmo, Illinois, was closed by the Illinois Department of Financial and Professional Regulation - Division of Banking,
On May 26, 2017, Fayette County Bank, Saint Elmo, Illinois, was closed by the Illinois
Department of Financial and Professional Regulation - Division of Banking, which
appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. According
to the press release in the (https://www.fdic.gov/bank/individual/failed/banklist.html)
(a) What happened to the depositors?
(b) What was the level of the assets as of March 31, 2017?
(c) What was the level of the deposits as of March 31, 2017?
(d) What was the estimated cost to the Deposit Insurance Fund?
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Financial Management
Authors: Rajiv Srivastava, Anil Misra
2nd Edition
0198072074, 9780198072072
