Data / Bank failures / 1993 / Eagle Bank of Champaign County, National A
Eagle Bank of Champaign County, National A, Rantoul, IL: failed July 1, 1993
Eagle Bank of Champaign County, National A in Rantoul, Illinois, failed on July 1, 1993. Busey Bank of Urbana, IL, took over its deposits. It held $20.2 million in assets and $19.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $678,661 (3.4% of its assets). By assets it was the 42nd largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- July 1, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Busey Bank, Urbana, IL
- Total assets
- $20,188,000
- Total deposits
- $19,706,000
- Estimated cost to the FDIC
- $678,661 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 3733
Other bank failures in Illinois, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Irving FB for Savings | Chicago | November 20, 1992 | $247 million | $246.3 million | $4.6 million | |
| Republic FSB | Matteson | June 5, 1992 | $290.3 million | $264.2 million | $79 | Regency SB, FSB |
| Mayfair Bank | Chicago | June 4, 1992 | $32.2 million | $29.7 million | $1.2 million | Foster Bank |
| Lemont Fsa | Lemont | February 28, 1992 | $193.7 million | $188.8 million | $53 million | |
| Kempton State Bank | Kempton | February 7, 1992 | $3.6 million | $3.6 million | $564,121 | Vermilion Valley Bank |
| Western FS & La | Clenview | November 22, 1991 | $33.2 million | $26.4 million | $1.8 million | Devon Bank |
| United Savings of America | Chicago | September 27, 1991 | $1.16 billion | $1.07 billion | $63.5 million | First NB of Chicago |
| First Bank and Trust (assistance) | Harrisburg | September 16, 1991 | $26.6 million | $26.2 million | $626,895 | First Bank and Trust |
All bank failures in 1993 · All bank failures in Illinois · 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.