WESTERN SPRINGS NATIONAL BANK AND TRUST Failed 2011
What happened
WESTERN SPRINGS NATIONAL BANK AND TRUST of WESTERN SPRINGS, IL was closed on 2011-04-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3917
- FDIC Certificate
- 10086
- FDIC FIN
- 10352
- Bank name
- WESTERN SPRINGS NATIONAL BANK AND TRUST
- Location
- WESTERN SPRINGS, IL
- Failure date
- 2011-04-08
- FDIC resolution date
- 2011-04-08
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $182M
- Assets at failure
- $187M
- Acquiring bank
- HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL)
Other banks HEARTLAND BANK AND TRUST COMPANY acquired in FDIC resolutions