Bank failure · IL
Heritage Community Bank (Glenwood, IL) — failed February 27, 2009
Heritage Community Bank of Glenwood, Illinois was closed on February 27, 2009 and resolved through a purchase and assumption. Mb Financial Bank, N.A. (IL) took over its insured deposits. At failure it held $235.2M in assets and $225.7M in deposits. The FDIC's estimated loss on the failure is $48.2M (20.5% of assets).
- Closing date
- February 27, 2009
- FDIC certificate #
- 20078
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Mb Financial Bank, N.A.
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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