Data / Bank failures / 2012 / Citizens First National Bank
Citizens First National Bank, Princeton, IL: failed November 2, 2012
Citizens First National Bank in Princeton, Illinois, failed on November 2, 2012. Heartland Bank and Trust Company of Bloomington, IL, took over its deposits. It held $924 million in assets and $869.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $32.5 million (3.5% of its assets). By assets it was the 2nd largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- November 2, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Heartland Bank and Trust Company, Bloomington, IL
- Total assets
- $923,959,000
- Total deposits
- $869,440,000
- Estimated cost to the FDIC
- $32,458,018 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 3731
Other bank failures in Illinois, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The National Republic Bank of Chicago | Chicago | October 24, 2014 | $843.1 million | $809.6 million | $54.4 million | State Bank of Texas |
| Greenchoice Bank, FSB | Chicago | July 25, 2014 | $70.3 million | $68.7 million | $18.4 million | Providence Bank, LLC |
| Valley Bank | Moline | June 20, 2014 | $456.4 million | $360 million | $47.8 million | Great Southern Bank |
| Aztecamerica Bank | Berwyn | May 16, 2014 | $66.3 million | $65 million | $21.7 million | Republic Bank of Chicago |
| Dupage National Bank | West Chicago | January 17, 2014 | $53.5 million | $51.9 million | $1.5 million | Republic Bank of Chicago |
| Covenant Bank | Chicago | February 15, 2013 | $58.4 million | $54.2 million | $19.6 million | Liberty Bank and Trust Company |
| First United Bank | Crete | September 28, 2012 | $328.4 million | $316.9 million | $33.8 million | Old Plank Trail Community Bank, National Association |
| Waukegan Savings Bank | Waukegan | August 3, 2012 | $83.7 million | $73 million | $23.5 million | First Midwest Bank |
Other failed banks Heartland Bank and Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Bank of Shorewood | Shorewood | IL | August 5, 2011 | $110.7 million | $104 million | $29.4 million | Heartland Bank and Trust Company |
| Western Springs National Bank and Trust | Western Springs | IL | April 8, 2011 | $186.7 million | $182.4 million | $38 million | Heartland Bank and Trust Company |
| Bank of Illinois | Normal | IL | March 5, 2010 | $211.7 million | $198.5 million | $18.7 million | Heartland Bank and Trust Company |
All bank failures in 2012 · All bank failures in Illinois · Every failed bank Heartland Bank and Trust Company took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.