Bank failure · IL
First Choice Bank (Geneva, IL) — failed August 19, 2011
First Choice Bank of Geneva, Illinois was closed on August 19, 2011 and resolved through a purchase and assumption. Inland Bank & Trust (IL) took over its insured deposits. At failure it held $141.0M in assets and $137.2M in deposits. The FDIC's estimated loss on the failure is $34.1M (24.2% of assets).
- Closing date
- August 19, 2011
- FDIC certificate #
- 57212
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Inland Bank & Trust
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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