$38.2M
total assets, September 30, 2008
Meridian Bank was a state nonmember bank in Eldred, IL. It failed on Oct 10, 2008, and National Bank took over its deposits. At its last report it held $38.2 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2008
This bank failed
- Failed on
- Oct 10, 2008
- Assets
- $38.2M
- Deposits
- $36.1M
- Estimated cost
- $16.6M
- Deposits went to
- National Bank, Hillsboro, IL
Total assets
$38.2M
-21.2% in a year · -13.6% in a quarter
Deposits
$36.1M
-15.1% in a year · -10.4% in a quarter
Loans
$26.0M
-2.3% in a year · -5.9% in a quarter
Profit so far
-$2.2M
Jan 1 to Sep 30, 2008
Capital ratio
0.84%
-6.05 pts in a year
Return on assets
-6.39%
-4.65 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 308 Locust, Eldred, IL, 62027
- County
- Greene
- Established
- Oct 12, 1910
- Failed
- Oct 10, 2008
- Employees
- 31
- Branches
- 4
- Id
- b13789
Quarter by quarter
March 31, 1984 to September 30, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Meridian Bank?
$38.2 million in total assets and $36.1 million in deposits as of September 30, 2008, with assets down 21.2% from a year before. Its loans were $26.0 million.
How many branches does Meridian Bank have?
4 branches in Illinois as of June 30, 2026.
Is Meridian Bank profitable?
No: it lost $2.22 million from January 1 to September 30, 2008. Its return on assets was -6.39% a year; about 1% is typical.
When did Meridian Bank fail?
Oct 10, 2008. National Bank of Hillsboro, IL took over its deposits. The estimated cost of the failure was $16.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.