Strategic Capital Bank

Status:Inactive as of 05/22/2009
 Absorption - Assisted
Successor Bank:Midland States Bank
Headquarters:Strategic Capital Bank
1608 Broadmoor Drive
Champaign, IL 61821
Established:11/01/1999
FDIC Insurance:11/01/1999
FDIC Cert:#35175
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$546,576,000
Total Deposits:$479,384,000

History

1999-11-01Institution established: Original name:Strategic Capital Bank
2009-05-22Failed. Acquired with government financial assistance and subsequently operated as part of Midland States Bank (1040)
2010-10-15Acquired Westbridge Bank and Trust (58205) in CHESTERFIELD, MO as part of a government assisted transaction.
2013-01-01Moved bank headquarters from CHAMPAIGN, IL to EFFINGHAM, IL
2013-06-06Acquired The First National Bank of Grant Park (3675) in GRANT PARK, IL
2015-03-31Acquired Heartland Bank (28694) in SAINT LOUIS, MO
2017-09-02Acquired Centrue Bank (3744) in STREATOR, IL
2018-07-14Acquired Alpine Bank & Trust Co. (18545) in ROCKFORD, IL
2019-10-19Acquired HomeStar Bank and Financial Services (16375) in MANTENO, IL

Financial Information (2009-03-31 and Older)