Bank failure · IL
The Bank of Commerce (Wood Dale, IL) — failed March 25, 2011
The Bank of Commerce of Wood Dale, Illinois was closed on March 25, 2011 and resolved through a purchase and assumption. Advantage National Bank (IL) took over its insured deposits. At failure it held $163.1M in assets and $161.4M in deposits. The FDIC's estimated loss on the failure is $44.1M (27.1% of assets).
- Closing date
- March 25, 2011
- FDIC certificate #
- 34292
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Advantage National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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