Bank failure · IL

Highland Community Bank (Chicago, IL) — failed January 23, 2015

Highland Community Bank of Chicago, Illinois was closed on January 23, 2015 and resolved through a purchase and assumption. UNITED FIDELITY BANK, fsb (IN) took over its insured deposits. At failure it held $54.7M in assets and $53.5M in deposits. The FDIC's estimated loss on the failure is $4.7M (8.7% of assets).