FIRST SUBURBAN NATIONAL BANK Failed 2010
What happened
FIRST SUBURBAN NATIONAL BANK of MAYWOOD, IL was closed on 2010-10-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SEAWAY BANK AND TRUST COMPANY (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3867
- FDIC Certificate
- 16089
- FDIC FIN
- 10301
- Bank name
- FIRST SUBURBAN NATIONAL BANK
- Location
- MAYWOOD, IL
- Failure date
- 2010-10-22
- FDIC resolution date
- 2010-10-22
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $44M
- Deposits at failure
- $135M
- Assets at failure
- $143M
- Acquiring bank
- SEAWAY BANK AND TRUST COMPANY (CHICAGO, IL)
Other banks SEAWAY BANK AND TRUST COMPANY acquired in FDIC resolutions