Bank failure · IL
Lincoln Park Savings Bank (Chicago, IL) — failed April 23, 2010
Lincoln Park Savings Bank of Chicago, Illinois was closed on April 23, 2010 and resolved through a purchase and assumption. Northbrook Bank and Trust Company (IL) took over its insured deposits. At failure it held $194.6M in assets and $162.6M in deposits. The FDIC's estimated loss on the failure is $37.9M (19.5% of assets).
- Closing date
- April 23, 2010
- FDIC certificate #
- 30600
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Northbrook Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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