Bank failure · IL
Town Community Bank and Trust (Antioch, IL) — failed January 15, 2010
Town Community Bank and Trust of Antioch, Illinois was closed on January 15, 2010 and resolved through a purchase and assumption. First American Bank (IL) took over its insured deposits. At failure it held $70.8M in assets and $68.3M in deposits. The FDIC's estimated loss on the failure is $23.3M (32.9% of assets).
- Closing date
- January 15, 2010
- FDIC certificate #
- 34705
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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