Bank failure · IL
First Chicago Bank & Trust (Chicago, IL) — failed July 8, 2011
First Chicago Bank & Trust of Chicago, Illinois was closed on July 8, 2011 and resolved through a purchase and assumption. Northbrook Bank and Trust Company (IL) took over its insured deposits. At failure it held $896.9M in assets and $830.5M in deposits. The FDIC's estimated loss on the failure is $192.9M (21.5% of assets).
- Closing date
- July 8, 2011
- FDIC certificate #
- 27935
- 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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