# MIDWEST BANK AND TRUST COMPANY

> **Failed bank** · ELMWOOD PARK, IL · failed 2010-05-14 · State commercial bank, Federal Reserve member

## What happened

MIDWEST BANK AND TRUST COMPANY of ELMWOOD PARK, IL was closed by state regulators on **2010-05-14**. The FDIC was named receiver.

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

Deposits were transferred to **FIRSTMERIT BANK, NATIONAL ASSOCIATION** (ARKON, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3802
- **FDIC Certificate:** 18117
- **FDIC FIN:** 10236
- **Bank name:** MIDWEST BANK AND TRUST COMPANY
- **Location:** ELMWOOD PARK, IL
- **Failure date:** 2010-05-14
- **FDIC resolution date:** 2010-05-14
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $2,421M
- **Assets at failure:** $3,173M
- **Acquiring bank:** FIRSTMERIT BANK, NATIONAL ASSOCIATION (ARKON, OH)

## Other banks FIRSTMERIT BANK, NATIONAL ASSOCIATION has acquired in FDIC resolutions

- GEORGE WASHINGTON SAVINGS BANK (ORLAND PARK, IL) — failed 2010-02-19 — /failed-bank/3751

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MIDWEST BANK AND TRUST COMPANY (FDIC ID 3802), failed 2010-05-14. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3802.

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