Bank failure · IL
Bank of Illinois (Normal, IL) — failed March 5, 2010
Bank of Illinois of Normal, Illinois was closed on March 5, 2010 and resolved through a purchase and assumption. Heartland Bank and Trust Company (IL) took over its insured deposits. At failure it held $211.7M in assets and $198.5M in deposits. The FDIC's estimated loss on the failure is $18.7M (8.9% of assets).
- Closing date
- March 5, 2010
- FDIC certificate #
- 9268
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Heartland Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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