BANK OF LINCOLNWOOD Failed 2009
What happened
BANK OF LINCOLNWOOD of LINCOLNWOOD, IL was closed on 2009-06-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to REPUBLIC BANK OF CHICAGO (OAK BROOK, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3630
- FDIC Certificate
- 17309
- FDIC FIN
- 10064
- Bank name
- BANK OF LINCOLNWOOD
- Location
- LINCOLNWOOD, IL
- Failure date
- 2009-06-05
- FDIC resolution date
- 2009-06-05
- 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.)
- $71M
- Deposits at failure
- $209M
- Assets at failure
- $213M
- Acquiring bank
- REPUBLIC BANK OF CHICAGO (OAK BROOK, IL)
Other banks REPUBLIC BANK OF CHICAGO acquired in FDIC resolutions