Fayette County Bank

Fayette County Bank was established on January 1, 1894, originally operating under its founding name. Over the years, the bank underwent several changes in its regulatory status and location. On February 28, 1941, it changed its primary federal regulatory agency to the Federal Reserve and became a state-chartered bank, thus becoming a member of the Federal Reserve System. The bank's main office was relocated to 320 North Main Street in Saint Elmo, Illinois, on March 21, 1990, and again on October 15, 2014, to the same address. Despite its long history, Fayette County Bank ultimately failed on May 26, 2017, after merging with government assistance.

Below is a list of some important events in banks history, including mergers and acquisitions.

1894-01-01Institution established. Original name: Fayette County Bank.

1941-02-28Institution becomes member of the Federal Reserve System.

1941-02-28Changed Bank Class to State Chartered Bank, member of the Federal Reserve System (FRS).

1941-02-28Changed Primary Federal Regulatory Agency to FED.

1990-03-21Main Office moved to 320 North Main Street, Saint Elmo, IL 62458.

2014-10-15Main Office moved to 320 North Main Street, Saint Elmo, IL 62458.

2017-05-26Failed. Merged with government financial assistance,.