Bank failure · IL
Charter National Bank and Trust (Hoffman Estates, IL) — failed February 10, 2012
Charter National Bank and Trust of Hoffman Estates, Illinois was closed on February 10, 2012 and resolved through a purchase and assumption. Barrington Bank & Trust Company, National Association (IL) took over its insured deposits. At failure it held $93.9M in assets and $89.5M in deposits. The FDIC's estimated loss on the failure is $18.5M (19.7% of assets).
- Closing date
- February 10, 2012
- FDIC certificate #
- 23187
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Barrington Bank & Trust Company, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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