# COMMUNITY FIRST BANK - CHICAGO

> **Failed bank** · CHICAGO, IL · failed 2011-02-04 · State commercial bank, Federal Reserve member · FDIC cost $10M

## What happened

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

- FIRST CHICAGO BANK & TRUST (CHICAGO, IL) — failed 2011-07-08 — /failed-bank/3939
- RAVENSWOOD BANK (CHICAGO, IL) — failed 2010-08-06 — /failed-bank/3842
- 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=COMMUNITY%20FIRST%20BANK%20-%20CHICAGO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COMMUNITY FIRST BANK - CHICAGO (FDIC ID 3904), failed 2011-02-04. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3904.

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