Bank failure · IL
Founders Bank (Worth, IL) — failed July 2, 2009
Founders Bank of Worth, Illinois was closed on July 2, 2009 and resolved through a purchase and assumption. The Privatebank and Trust Company (IL) took over its insured deposits. At failure it held $889.2M in assets and $832.2M in deposits. The FDIC's estimated loss on the failure is $129.5M (14.6% of assets).
- Closing date
- July 2, 2009
- FDIC certificate #
- 18390
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- The Privatebank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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