Bank failure · IL
Community First Bank - Chicago (Chicago, IL) — failed February 4, 2011
Community First Bank - Chicago of Chicago, Illinois was closed on February 4, 2011 and resolved through a purchase and assumption. Northbrook Bank and Trust Company (IL) took over its insured deposits. At failure it held $51.1M in assets and $49.5M in deposits. The FDIC's estimated loss on the failure is $10.2M (20.0% of assets).
- Closing date
- February 4, 2011
- FDIC certificate #
- 57948
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Northbrook Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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