Bank failure · IL
Bank of Lincolnwood (Lincolnwood, IL) — failed June 5, 2009
Bank of Lincolnwood of Lincolnwood, Illinois was closed on June 5, 2009 and resolved through a purchase and assumption. Republic Bank of Chicago (IL) took over its insured deposits. At failure it held $212.7M in assets and $209.3M in deposits. The FDIC's estimated loss on the failure is $70.9M (33.3% of assets).
- Closing date
- June 5, 2009
- FDIC certificate #
- 17309
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Republic Bank of Chicago
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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