Bank failure · IL

Park National Bank (Chicago, IL) — failed October 30, 2009

Park National Bank of Chicago, Illinois was closed on October 30, 2009 and resolved through a purchase and assumption. U.S. Bank, NA (MN) took over its insured deposits. At failure it held $4.7B in assets and $3.7B in deposits. The FDIC's estimated loss on the failure is $2.8M (0.1% of assets).