A 123-year old financial institution that was able to weather the Great Depression was unable to survive the Great Recession.
Fayette County Bank was originally established on Jan. 1, 1894. It is located in Saint Elmo, Illinois, a town near the midpoint between Indianapolis and St. Louis.
Although the bank was able to stay in business for over a century, it came under the scrutiny of the Illinois Department of Financial and Professional Regulation – Division of Banking.
Source: Mortgage Daily