Bank failure · IL

First Suburban National Bank (Maywood, IL) — failed October 22, 2010

First Suburban National Bank of Maywood, Illinois was closed on October 22, 2010 and resolved through a purchase and assumption. Seaway Bank and Trust Company (IL) took over its insured deposits. At failure it held $143.5M in assets and $135.5M in deposits. The FDIC's estimated loss on the failure is $44.3M (30.9% of assets).