Bank failure · IL
Benchmark Bank (Aurora, IL) — failed December 4, 2009
Benchmark Bank of Aurora, Illinois was closed on December 4, 2009 and resolved through a purchase and assumption. Mb Financial, N.A. (IL) took over its insured deposits. At failure it held $173.1M in assets and $182.8M in deposits. The FDIC's estimated loss on the failure is $79.3M (45.8% of assets).
- Closing date
- December 4, 2009
- FDIC certificate #
- 10440
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Mb Financial, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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