FOUNDERS BANK Failed 2009

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

What happened

FOUNDERS BANK of WORTH, IL was closed on 2009-07-02. The FDIC was named receiver.

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

Deposits were transferred to THE PRIVATEBANK AND TRUST COMPANY (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3644
FDIC Certificate
18390
FDIC FIN
10074
Bank name
FOUNDERS BANK
Location
WORTH, IL
Failure date
2009-07-02
FDIC resolution date
2009-07-02
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.)
$130M
Deposits at failure
$832M
Assets at failure
$889M
Acquiring bank
THE PRIVATEBANK AND TRUST COMPANY (CHICAGO, IL)