BANK OF ILLINOIS Failed 2010
What happened
BANK OF ILLINOIS of NORMAL, IL was closed on 2010-03-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3756
- FDIC Certificate
- 9268
- FDIC FIN
- 10191
- Bank name
- BANK OF ILLINOIS
- Location
- NORMAL, IL
- Failure date
- 2010-03-05
- FDIC resolution date
- 2010-03-05
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $19M
- Deposits at failure
- $198M
- Assets at failure
- $212M
- Acquiring bank
- HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL)
Other banks HEARTLAND BANK AND TRUST COMPANY acquired in FDIC resolutions