First National Bank of Danville, Danville, IL

The FDIC was busy this holiday weekend seizing seven banks after the close of business this fourth of July weekend. The First National Bank of Danville, Danville, IL marked the half century nunber of 2009 being the 50th bank to be shut down by the agency in 2009. Here is the story from TribStar.

As part of a federal government bank closure in Danville, Ill., First Financial Bank, N.A., of Terre Haute has assumed all of the assets of the Illinois bank.

The First National Bank of Danville was closed Thursday by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation as receiver.

To protect the depositors, the FDIC entered into a purchase and assumption agreement with First Financial Bank.

The seven offices of the First National Bank of Danville will reopen Monday as branches of First Financial.

Depositors of the Danville bank automatically will become depositors of First Financial.

Do not hesitate to visit the official FDIC webpage for First National Bank if you should have any questions.