SAN FRANCISCO (MarketWatch)
Champaign, Ill.-based Strategic Capital Bank was closed by regulators Friday, marking the 35th bank failure of 2009, the Federal Deposit Insurance Corp. said Friday. Strategic Capital had $471 million in deposits and $537 million in assets as of May 13, according to the FDIC. Effingham, Ill.-based Midland States Bank has agreed to assume the failed bank's deposits, the FDIC said.
Champaign, Ill.-based Strategic Capital Bank was closed by regulators Friday, marking the 35th bank failure of 2009, the Federal Deposit Insurance Corp. said Friday. Strategic Capital had $471 million in deposits and $537 million in assets as of May 13, according to the FDIC. Effingham, Ill.-based Midland States Bank has agreed to assume the failed bank's deposits, the FDIC said.
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