# TOWN COMMUNITY BANK AND TRUST

> **Failed bank** · ANTIOCH, IL · failed 2010-01-15 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $23M

## What happened

TOWN COMMUNITY BANK AND TRUST of ANTIOCH, IL was closed by regulators on **2010-01-15**. The FDIC was named receiver.

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

Deposits were transferred to **FIRST AMERICAN BANK** (ELK GROVE VILLAGE, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3737
- **FDIC Certificate:** 34705
- **FDIC FIN:** 10170
- **Bank name:** TOWN COMMUNITY BANK AND TRUST
- **Location:** ANTIOCH, IL
- **Failure date:** 2010-01-15
- **FDIC resolution date:** 2010-01-15
- **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:** $23M
- **Deposits at failure:** $68M
- **Assets at failure:** $71M
- **Acquiring bank:** FIRST AMERICAN BANK (ELK GROVE VILLAGE, IL)

## Other banks FIRST AMERICAN BANK has acquired in FDIC resolutions

- HIGH DESERT STATE BANK (ALBUQUERQUE, NM) — failed 2010-06-25 — /failed-bank/3819
- UNITED CITIZENS BANK, NATIONAL ASSOC (COLLEGE STATION, TX) — failed 1991-02-28 — /failed-bank/3024
- TEXAS COMMERCIAL SA (SULPHUR SPRINGS, TX) — failed 1990-09-21 — /failed-bank/2911
- UNIVERSITY NATIONAL BANK OF COLLEGE STATIO (COLLEGE STATION, TX) — failed 1990-03-08 — /failed-bank/2688
- FIRST CALIFORNIA SAVINGS (ORANGE, CA) — failed 1989-04-06 — /failed-bank/2351
- FIRST BANK & TRUST (BRYAN, TX) — failed 1989-02-09 — /failed-bank/2090
- FARMERS NATIONAL BANK OF ERICK (ERICK, OK) — failed 1985-02-07 — /failed-bank/958

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TOWN COMMUNITY BANK AND TRUST (FDIC ID 3737), failed 2010-01-15. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3737.

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