# BANK OF SHOREWOOD

> **Failed bank** · SHOREWOOD, IL · failed 2011-08-05 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $29M

## What happened

BANK OF SHOREWOOD of SHOREWOOD, IL was closed by regulators on **2011-08-05**. 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:** 3953
- **FDIC Certificate:** 22637
- **FDIC FIN:** 10386
- **Bank name:** BANK OF SHOREWOOD
- **Location:** SHOREWOOD, IL
- **Failure date:** 2011-08-05
- **FDIC resolution date:** 2011-08-05
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $104M
- **Assets at failure:** $111M
- **Acquiring bank:** HEARTLAND BANK  AND TRUST COMPANY (BLOOMINGTON, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BANK%20OF%20SHOREWOOD

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BANK OF SHOREWOOD (FDIC ID 3953), failed 2011-08-05. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3953.

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