INBANK Failed 2009
What happened
INBANK of OAK FOREST, IL was closed on 2009-09-04. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MB FINANCIAL N.A. (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3678
- FDIC Certificate
- 20203
- FDIC FIN
- 10113
- Bank name
- INBANK
- Location
- OAK FOREST, IL
- Failure date
- 2009-09-04
- FDIC resolution date
- 2009-09-04
- 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.)
- $57M
- Deposits at failure
- $209M
- Assets at failure
- $210M
- Acquiring bank
- MB FINANCIAL N.A. (CHICAGO, IL)