United Fidelity Bank, fsb, Evansville, Indiana, Assumes All of the Deposits of Fayette County Bank, Saint Elmo, Illinois — 2017-05-26

Fayette County Bank, Saint Elmo, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation - Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with United Fidelity Bank, fsb, Evansville, Indiana, to assume all of the deposits of Fayette County Bank. The sole office of Fayette County Bank will reopen as a branch of United Fidelity Bank during its normal business hours. Depositors of Fayette County Bank will automatically become depositors of United Fidelity Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage up to applicable limits.