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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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