HIGHLAND COMMUNITY BANK Failed 2015

CHICAGO, IL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

HIGHLAND COMMUNITY BANK of CHICAGO, IL was closed on 2015-01-23. The FDIC was named receiver.

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

Deposits were transferred to UNITED FIDELITY BANK, fsb (EVANSVILLE, IN). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4077
FDIC Certificate
20290
FDIC FIN
10511
Bank name
HIGHLAND COMMUNITY BANK
Location
CHICAGO, IL
Failure date
2015-01-23
FDIC resolution date
2015-01-23
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.)
$5M
Deposits at failure
$53M
Assets at failure
$55M
Acquiring bank
UNITED FIDELITY BANK, fsb (EVANSVILLE, IN)