First United Bank of Crete, Illinois becomes the 43rd U.S. bank failure this year. Old Plank...

|By:, SA News Editor

First United Bank of Crete, Illinois becomes the 43rd U.S. bank failure this year. Old Plank Trail Community Bank of New Lenox, Illinois will purchase the $328.4M in assets and assume all the $316.9M in deposits. The cost to its FDIC deposit-insurance fund: $48.6M.