THE BANK OF COMMERCE Failed 2011

WOOD DALE, IL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

THE BANK OF COMMERCE of WOOD DALE, IL was closed on 2011-03-25. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to ADVANTAGE NATIONAL BANK (ELK GROVE VILLAGE, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3916
FDIC Certificate
34292
FDIC FIN
10350
Bank name
THE BANK OF COMMERCE
Location
WOOD DALE, IL
Failure date
2011-03-25
FDIC resolution date
2011-03-25
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.)
$44M
Deposits at failure
$161M
Assets at failure
$163M
Acquiring bank
ADVANTAGE NATIONAL BANK (ELK GROVE VILLAGE, IL)