# HERITAGE COMMUNITY BANK

> **Failed bank** · GLENWOOD, IL · failed 2009-02-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $48M

## What happened

HERITAGE COMMUNITY BANK of GLENWOOD, IL was closed by regulators 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
- **Estimated FDIC DIF cost:** $48M
- **Deposits at failure:** $226M
- **Assets at failure:** $235M
- **Acquiring bank:** MB FINANCIAL BANK, N.A. (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HERITAGE%20COMMUNITY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HERITAGE COMMUNITY BANK (FDIC ID 3608), failed 2009-02-27. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3608.

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