HERITAGE COMMUNITY BANK Failed 2009

GLENWOOD, IL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

HERITAGE COMMUNITY BANK of GLENWOOD, IL was closed on 2009-02-27. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to MB FINANCIAL BANK, N.A. (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3608
FDIC Certificate
20078
FDIC FIN
10042
Bank name
HERITAGE COMMUNITY BANK
Location
GLENWOOD, IL
Failure date
2009-02-27
FDIC resolution date
2009-02-27
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$48M
Deposits at failure
$226M
Assets at failure
$235M
Acquiring bank
MB FINANCIAL BANK, N.A. (CHICAGO, IL)