Bank failure · IL
Ravenswood Bank (Chicago, IL) — failed August 6, 2010
Ravenswood Bank of Chicago, Illinois was closed on August 6, 2010 and resolved through a purchase and assumption. Northbrook Bank and Trust Company (IL) took over its insured deposits. At failure it held $264.6M in assets and $269.4M in deposits. The FDIC's estimated loss on the failure is $67.7M (25.6% of assets).
- Closing date
- August 6, 2010
- FDIC certificate #
- 34231
- 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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