# RAVENSWOOD BANK

> **Failed bank** · CHICAGO, IL · failed 2010-08-06 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $68M

## What happened

RAVENSWOOD BANK of CHICAGO, IL was closed by regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FIRST CHICAGO BANK & TRUST (CHICAGO, IL) — failed 2011-07-08 — /failed-bank/3939
- COMMUNITY FIRST BANK - CHICAGO (CHICAGO, IL) — failed 2011-02-04 — /failed-bank/3904
- LINCOLN PARK SAVINGS BANK (CHICAGO, IL) — failed 2010-04-23 — /failed-bank/3787

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, RAVENSWOOD BANK (FDIC ID 3842), failed 2010-08-06. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/3842.

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