Magna Bank of Lincoln

Magna Bank of Lincoln Overview

Magna Bank of Lincoln, founded in April 25, 1934, is currently an active FDIC insured bank. The chartering agency for Magna Bank of Lincoln is currently with the State. This FDIC insured bank is not being operated by government conservatorship. Magna Bank of Lincoln has an FDIC insurance membership with the BIF – Bank Insurance Fund and is regulated by the Federal Deposit Insurance Corporation (FDIC).

Magna Bank of Lincoln is assigned uner the Chicago Federal Deposit Insurance Corporation (FDIC) supervisory office and had obtained their federal deposit insurance on April 25, 1934.

Address Location and Maps for Magna Bank of Lincoln

Bank Name Magna Bank of Lincoln FDIC Bank Location for Magna Bank of Lincoln
Address 303 South Kickapoo Street
Lincoln, IL 62656
County: Logan
Bank’s State: Illinois
Website: Unknown

 

Magna Bank of Lincoln Detailed Information

FDIC Certificate ID 14286
Bank Institution Name Magna Bank of Lincoln
Is the Bank Active? Active
Office of Thrift Supervision Docket ID Not an OTS Member
Total Assets $93,765,000
Total Deposits $79,717,000
Regulator Federal Deposit Insurance Corporation (FDIC)
Bank Charter Class NM – Commercial Bank. Bank is supervised by the Federal Deposit Insurance Corporation (FDIC). State charter and Fed non-member
FDIC Bank’s Chartering Agency State
Bank is FDIC Insured Yes, FDIC insured bank is a member of the Bank Insurance Fund
Bank Insurance Fund BIF – Bank Insurance Fund
Date of Deposit Insurance April 25, 1934
Change Code 223
Change Code Description Merger – FDIC Insured Bank Without Assistance
OCC Bank Charter Number No FDIC Bank Charter Number
Conservatorship FDIC insured bank is not being operated by government conservatorship.
Inactive Bank that used to be FDIC insured? Yes
Credit Card Institution No, bank is not a credit card institution. Credit card loans do not exceed 50% of the FDIC Bank institution’s total assets, including loans that have been securitized and sold.
Insured Commercial Banks Yes
FDIC Supervisory Region Chicago
Insured Savings Institution No, Bank is not Savings Association Insurance Fund (SAIF) insured
State Charter Yes
County Logan
Office of Thrift Supervision Region Central
Assigned Federal Reserve District Chicago
Oakar Institutions No
FDIC Field Office 0
Insured offices of foreign banks 0

Magna Bank of Lincoln is insured by the Federal Deposit Insurance Corporation (FDIC)

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