Government closes Rock River Bank

[OneAngryDemocrat]

Government closes Rock River Bank

OREGON – Rock River Bank was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation as receiver.

To protect the depositors, the FDIC entered into a purchase and assumption agreement with The Harvard State Bank to assume all of the deposits of Rock River Bank.

The four offices of Rock River Bank will reopen on Monday as branches of The Harvard State Bank. Depositors of Rock River Bank will automatically become depositors of The Harvard State 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.

LINK: http://www.saukvalley.com/articles/2009/07/02/01521956/index.xml

[mopinko]

1. a few small illinois banks went under

pile o' bullshit that little banks are going under because they aren't too big to fail.

[murielm99]

2. They had great commercials about how friendly they are.

I am sorry this happened.

Are you involved with the Stephenson County Democratic Central Committee? If not, you should try them.