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Bank failure · IL

First Dupage Bank (Westmont, IL) — failed October 23, 2009

First Dupage Bank of Westmont, Illinois was closed on October 23, 2009 and resolved through a purchase and assumption. First Midwest Bank (IL) took over its insured deposits. At failure it held $262.1M in assets and $254.0M in deposits. The FDIC's estimated loss on the failure is $85.3M (32.6% of assets).

Closing date
October 23, 2009
FDIC certificate #
35038
Resolution
Purchase and assumption (failure)
Acquiring institution
First Midwest Bank
Insurance fund
DIF
Pre-failure filings
Last reported financials

Other failures in 2009

What happens when a bank fails