RAVENSWOOD BANK Failed 2010
What happened
RAVENSWOOD BANK of CHICAGO, IL was closed on 2010-08-06. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NORTHBROOK BANK AND TRUST COMPANY (NORTHBROOK, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3842
- FDIC Certificate
- 34231
- FDIC FIN
- 10276
- Bank name
- RAVENSWOOD BANK
- Location
- CHICAGO, IL
- Failure date
- 2010-08-06
- FDIC resolution date
- 2010-08-06
- 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.)
- $68M
- Deposits at failure
- $269M
- Assets at failure
- $265M
- Acquiring bank
- NORTHBROOK BANK AND TRUST COMPANY (NORTHBROOK, IL)
Other banks NORTHBROOK BANK AND TRUST COMPANY acquired in FDIC resolutions