# MUTUAL BANK

> **Failed bank** · HARVEY, IL · failed 2009-07-31 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $794M

## What happened

MUTUAL BANK of HARVEY, IL was closed by regulators on **2009-07-31**. The FDIC was named receiver.

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

Deposits were transferred to **UNITED CENTRAL BANK** (GARLAND, TX). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3659
- **FDIC Certificate:** 18659
- **FDIC FIN:** 10094
- **Bank name:** MUTUAL BANK
- **Location:** HARVEY, IL
- **Failure date:** 2009-07-31
- **FDIC resolution date:** 2009-07-31
- **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:** $794M
- **Deposits at failure:** $1,547M
- **Assets at failure:** $1,596M
- **Acquiring bank:** UNITED CENTRAL BANK (GARLAND, TX)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MUTUAL BANK (FDIC ID 3659), failed 2009-07-31. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/3659.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*