Bank failure · IL
Bank of Shorewood (Shorewood, IL) — failed August 5, 2011
Bank of Shorewood of Shorewood, Illinois was closed on August 5, 2011 and resolved through a purchase and assumption. Heartland Bank and Trust Company (IL) took over its insured deposits. At failure it held $110.7M in assets and $104.0M in deposits. The FDIC's estimated loss on the failure is $29.4M (26.5% of assets).
- Closing date
- August 5, 2011
- FDIC certificate #
- 22637
- 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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