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The Office of the Comptroller of the Currency closed Evansville, Indiana-based Integra Bank on July 29, 2011. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Old National Bank of Evansville to assume all of the deposits of Integra Bank.
You can read the FDIC Press Release here.
On Thursday, July 14, 2011, the Will County Treasurer’s Office mailed a letter suspending Integra Bank from its Deputy Tax Collector Program.
Suspension as a County Collector means that Integra Bank Corporation can no longer accept real estate property tax payments on behalf of Will County. It does not impair, however, Integra’s ability to collect property tax payments in any other Illinois county.
We are suspending your financial institution for the following reason(s):
- Integra Bank Corporation failed our internal policy monitor tests for both capital adequacy and the “Texas” ratio.
The information we used to make these calculations comes from the quarterly call report on file with the Federal Financial Institutions Examination Council (FFIEC) as of March 31, 2011.
Old Second National Bank is not an approved County Depository for the Will County Treasurer’s Office. As a result, the office will move to close its account with the former Integra Bank.
Will County held no deposits with Integra Bank above the $250,000 FDIC insurance limit at the time the Comptroller closed the financial institution.
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