ALL AMERICAN BANK Failed 2011
What happened
ALL AMERICAN BANK of DES PLAINES, IL was closed on 2011-10-28. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to INTERNATIONAL BANK OF CHICAGO (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3975
- FDIC Certificate
- 57759
- FDIC FIN
- 10409
- Bank name
- ALL AMERICAN BANK
- Location
- DES PLAINES, IL
- Failure date
- 2011-10-28
- FDIC resolution date
- 2011-10-28
- 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.)
- $14M
- Deposits at failure
- $31M
- Assets at failure
- $35M
- Acquiring bank
- INTERNATIONAL BANK OF CHICAGO (CHICAGO, IL)
Other banks INTERNATIONAL BANK OF CHICAGO acquired in FDIC resolutions