FDIC http://northernpublicradio.org en Mendota bank takes over for closed Shabbona facility http://northernpublicradio.org/post/mendota-bank-takes-over-closed-shabbona-facility <p><a href="https://www.firststatebank.biz/">First State Bank of Mendota</a> has added two new branches in Shabbona, both former locations of the Farmers and Traders State Bank of Shabbona, which was closed at end of business Friday by state regulators.</p><p><a href="http://www.idfpr.com/">The Illinois Department of Financial and Professional Regulation</a> appointed the Federal Deposit Insurance Corporation as receiver to protect depositors. The FDIC arranged with First State Bank to assume all deposits of Farmers and Traders.</p> Mon, 11 Jun 2012 16:00:40 +0000 Victor Yehling 13146 at http://northernpublicradio.org