# CHARTER NATIONAL BANK AND TRUST

> **Failed bank** · HOFFMAN ESTATES, IL · failed 2012-02-10 · National commercial bank (OCC-chartered) · FDIC cost $18M

## What happened

CHARTER NATIONAL BANK AND TRUST of HOFFMAN ESTATES, IL was closed by the OCC on **2012-02-10**. The FDIC was named receiver.

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

Deposits were transferred to **BARRINGTON BANK & TRUST COMPANY, NATIONAL ASSOCIATION** (BARRINGTON, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3990
- **FDIC Certificate:** 23187
- **FDIC FIN:** 10424
- **Bank name:** CHARTER NATIONAL BANK AND TRUST
- **Location:** HOFFMAN ESTATES, IL
- **Failure date:** 2012-02-10
- **FDIC resolution date:** 2012-02-10
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $89M
- **Assets at failure:** $94M
- **Acquiring bank:** BARRINGTON BANK & TRUST COMPANY, NATIONAL ASSOCIATION (BARRINGTON, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CHARTER%20NATIONAL%20BANK%20AND%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CHARTER NATIONAL BANK AND TRUST (FDIC ID 3990), failed 2012-02-10. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3990.

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