Failed Bank List

4 failed banks ยท 2009 to 2012

Failed banks taken over by First Midwest Bank

First Midwest Bank of Itasca, Illinois took over four failed banks between 2009 and 2012, the 17th-highest count among the 318 acquirers of that period. Together they reported $969 million in assets and $919 million in deposits at closing. The largest was Palos Bank and Trust Company, at $493 million. All of them were in Illinois. Two of the deals came in 2010. The first was First DuPage Bank of Westmont, on October 23, 2009. The most recent was Waukegan Savings Bank of Waukegan, on August 3, 2012. The FDIC's estimated loss on these failures totals $221 million, a median of 30% of each bank's assets.

Failed banks taken over by First Midwest Bank, by closing date200020052010201520202025Palos Bank and Trust Company, 2010-08-13First DuPage Bank, 2009-10-23Peotone Bank and Trust Company, 2010-04-23Waukegan Savings Bank, 2012-08-03
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
October 23, 2009First DuPage BankWestmont, IL$262 million$85.3 million
April 23, 2010Peotone Bank and Trust CompanyPeotone, IL$130 million$45.6 million
August 13, 2010Palos Bank and Trust CompanyPalos Heights, IL$493 million$67.0 million
August 3, 2012Waukegan Savings BankWaukegan, IL$83.7 million$23.5 million

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.