Meridian Bank
Who: Meridian Bank
What: 15th bank failure of 2008 (Oct. 10, 2008)
Where: Eldred, Illinois
Why: Risky loans.
Fast Facts: National Bank of Hillsboro, Illinois assumed all deposits from Meridian Bank; as of Sept. 25, 2008, Meridian Bank had $39.18 million in total assets and $36.88 million in total deposits...National Bank purchased $7.55 million of those assets; Meridian is the first bank to close in Illinois since Universal FSB of Chicago in June 2002.