Bank failure · IL
Broadway Bank (Chicago, IL) — failed April 23, 2010
Broadway Bank of Chicago, Illinois was closed on April 23, 2010 and resolved through a purchase and assumption. Mb Financial Bank, National Association (IL) took over its insured deposits. At failure it held $1.1B in assets and $1.0B in deposits. The FDIC's estimated loss on the failure is $377.4M (35.6% of assets).
- Closing date
- April 23, 2010
- FDIC certificate #
- 22853
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Mb Financial Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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