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PRAIRIE COMMUNITY BANK - fdic 2025

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The document is a Consent Order issued by the Federal Deposit Insurance Corporation (FDIC) and the Illinois Department of Financial and Professional Regulation against Prairie Community Bank in Marengo, Illinois. It outlines the bank's agreement to take corrective actions regarding unsafe banking practices related to capital, asset quality, and earnings. The order mandates improvements in management, board participation, capital maintenance, loan loss provisions, credit concentration limits, liquidity planning, and profit budgeting. The bank must also provide regular progress reports to ensure compliance with the order.

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How do you check if a bank is FDIC?

To check whether the FDIC insures a specific bank or savings association: Call the FDIC toll-free: 1-877-ASK-FDIC (1-877-275-3342) Look for the FDIC official sign where deposits are received. Your Insured Deposits - FDIC fdic.gov deposit-insurance brochures i fdic.gov deposit-insurance brochures i

Do community banks have FDIC insurance?

The FDIC fully insures funds held in FDIC-insured community banks up to $250,000 per depositor and $250,000 per owner for certain retirement accounts. Insured Deposits Are Safe at a Community Bank - ICBA Independent Community Bankers of America - ICBA news-and-articles 2022/02/25 Independent Community Bankers of America - ICBA news-and-articles 2022/02/25

Is there a bank that is not FDIC-insured?

It is rare for a bank not to have FDIC insurance, but there are exceptions. Bank of North Dakota, for example, is not FDIC-insured. Instead, it is backed by the full faith and credit of the State of North Dakota. FDIC Insurance: What It Is And How It Works - Bankrate bankrate.com banking fdic-insurance bankrate.com banking fdic-insurance

Which bank account is not FDIC-insured?

Investment products that are not deposits, such as mutual funds, annuities, life insurance policies and stocks and bonds, are not covered by FDIC deposit insurance. Deposit Insurance FAQs - FDIC fdic.gov resources deposit-insurance faq fdic.gov resources deposit-insurance faq

Are community banks at risk?

Community banks are particularly vulnerable to loan losses due to their size relative to capital held. Already this year, Deutsche Bank, Aozora Bank, and other publicly traded banks have had to dramatically increase their loan-loss provisions related to U.S. commercial real estate exposure. Small Banks Are Teetering. Expect More Failures. - Barrons barrons.com articles small-community-b barrons.com articles small-community-b

Is my money safe in a community bank?

Community banks tend to invest their assets more conservatively than larger banks, so they may be less likely to fail in the first place. But even so, as long as you opt for a community bank thats FDIC-insured, you wont have to worry about losing the money youve no doubt worked hard to save. Is It Dangerous to Keep My Money at a Community Bank? - The Motley Fool fool.com the-ascent banks articles is- fool.com the-ascent banks articles is-

What bank is being taken over by the FDIC?

On March 26, 2023, the FDIC entered into a purchase and assumption agreement for all deposits and loans of Silicon Valley Bridge Bank, N.A., with FirstCitizens Bank Trust Company, Raleigh, NC. As part of this transaction Silicon Valley Bridge Bank, N.A, was placed into receivership. Bank Failures in Brief - 2023 - FDIC fdic.gov bank-failures in-brief bfb2023 fdic.gov bank-failures in-brief bfb2023

Is community bank insured by FDIC?

In fact, the FDIC covers banks, big and small. So, if youre looking for a safe place to put your money, a verified FDIC-insured community bank is a great option. Centier Bank is a community bank that is FDIC-insured. This means that your money is safeguarded in the communities they serve. Are Community Banks Insured by FDIC? - Centier Bank centier.com resources articles are-com centier.com resources articles are-com

PRAIRIE COMMUNITY BANK - fdic 2025

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