Bank failure · IL
All American Bank (Des Plaines, IL) — failed October 28, 2011
All American Bank of Des Plaines, Illinois was closed on October 28, 2011 and resolved through a purchase and assumption. International Bank of Chicago (IL) took over its insured deposits. At failure it held $34.8M in assets and $30.5M in deposits. The FDIC's estimated loss on the failure is $13.8M (39.5% of assets).
- Closing date
- October 28, 2011
- FDIC certificate #
- 57759
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- International Bank of Chicago
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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