BENCHMARK BANK Failed 2009
What happened
BENCHMARK BANK of AURORA, IL was closed on 2009-12-04. 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
- 3718
- FDIC Certificate
- 10440
- FDIC FIN
- 10154
- Bank name
- BENCHMARK BANK
- Location
- AURORA, IL
- Failure date
- 2009-12-04
- FDIC resolution date
- 2009-12-04
- 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.)
- $79M
- Deposits at failure
- $183M
- Assets at failure
- $173M
- Acquiring bank
- MB FINANCIAL, N.A. (CHICAGO, IL)
Other banks MB FINANCIAL, N.A. acquired in FDIC resolutions