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THFF to take over failed FNB of Danville, IN      4-Jul-09 09:53 pm    
I would think this will be with favorable terms for THFF.

http://finance.yahoo.com/news/Regulators...

Meanwhile, the Office of the Comptroller of the Currency took over First National Bank of Danville, of Danville, Ill., citing "unsafe and unsound practices" leading to losses that "depleted most of its capital." The OCC appointed the FDIC receiver, and the FDIC arranged for First Financial Bank, NA of Terre Haute, Ind. to take over all of the failed institution's deposits and branches. All seven of the failed bank's offices were set to reopen Monday as branches of First Financial Bank, which is held by First Financial Corp .

The six failed Illinois banks controlled by the Campbell Group had combined total assets of $1.4 billion. The acquiring institutions took over $1.2 billion in assets from the failed banks, with the FDIC retaining the remainder for later disposition. The FDIC agreed to share losses on $861 million of the acquired assets and estimated the cost to its insurance fund would be $267 million.
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THFF to take over failed FNB of Danville, IN
steve_382 Not rated 4-Jul-09 09:53 pm  
 
just like any other recession the strong survive a...
flsingleguy... Rate it 10-Jul-09 02:54 pm  
 
Found this article and thought I would post the pa...
steve_382 Rate it 22-Sep-09 05:24 pm  
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First Financial Corp. (THFF)

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