FIRST CHICAGO BANK & TRUST Failed 2011
What happened
FIRST CHICAGO BANK & TRUST of CHICAGO, IL was closed on 2011-07-08. 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
- 3939
- FDIC Certificate
- 27935
- FDIC FIN
- 10374
- Bank name
- FIRST CHICAGO BANK & TRUST
- Location
- CHICAGO, IL
- Failure date
- 2011-07-08
- FDIC resolution date
- 2011-07-08
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $193M
- Deposits at failure
- $831M
- Assets at failure
- $897M
- Acquiring bank
- NORTHBROOK BANK AND TRUST COMPANY (NORTHBROOK, IL)
Other banks NORTHBROOK BANK AND TRUST COMPANY acquired in FDIC resolutions