Bank failure · IL
Midwest Bank and Trust Company (Elmwood Park, IL) — failed May 14, 2010
Midwest Bank and Trust Company of Elmwood Park, Illinois was closed on May 14, 2010 and resolved through a purchase and assumption. Firstmerit Bank, National Association (OH) took over its insured deposits. At failure it held $3.2B in assets and $2.4B in deposits.
- Closing date
- May 14, 2010
- FDIC certificate #
- 18117
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Firstmerit Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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