COMMUNITY FIRST BANK - CHICAGO Failed 2011
What happened
COMMUNITY FIRST BANK - CHICAGO of CHICAGO, IL was closed on 2011-02-04. 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
- 3904
- FDIC Certificate
- 57948
- FDIC FIN
- 10337
- Bank name
- COMMUNITY FIRST BANK - CHICAGO
- Location
- CHICAGO, IL
- Failure date
- 2011-02-04
- FDIC resolution date
- 2011-02-04
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $10M
- Deposits at failure
- $50M
- Assets at failure
- $51M
- Acquiring bank
- NORTHBROOK BANK AND TRUST COMPANY (NORTHBROOK, IL)
Other banks NORTHBROOK BANK AND TRUST COMPANY acquired in FDIC resolutions