PREMIER BANK Failed 2012
What happened
PREMIER BANK of WILMETTE, IL was closed on 2012-03-23. 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
- 3996
- FDIC Certificate
- 35419
- FDIC FIN
- 10431
- Bank name
- PREMIER BANK
- Location
- WILMETTE, IL
- Failure date
- 2012-03-23
- FDIC resolution date
- 2012-03-23
- 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.)
- $69M
- Deposits at failure
- $199M
- Assets at failure
- $269M
- Acquiring bank
- INTERNATIONAL BANK OF CHICAGO (CHICAGO, IL)
Other banks INTERNATIONAL BANK OF CHICAGO acquired in FDIC resolutions