Bank failure · IL
Western Springs National Bank and Trust (Western Springs, IL) — failed April 8, 2011
Western Springs National Bank and Trust of Western Springs, Illinois was closed on April 8, 2011 and resolved through a purchase and assumption. Heartland Bank and Trust Company (IL) took over its insured deposits. At failure it held $186.7M in assets and $182.4M in deposits. The FDIC's estimated loss on the failure is $38.0M (20.4% of assets).
- Closing date
- April 8, 2011
- FDIC certificate #
- 10086
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Heartland Bank and Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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