Failed Bank List

6 failed banks ยท 2009 to 2010

Failed banks taken over by MB Financial Bank, N.A.

MB Financial Bank, N.A. of Chicago, Illinois took over six failed banks between 2009 and 2010, the ninth-highest count among the 318 acquirers of that period. Together they reported $9.1 billion in assets and $9.1 billion in deposits at closing. The largest was Corus Bank, N.A., at $7.0 billion. All of them were in Illinois. Four of the deals came in 2009. The first was Heritage Community Bank of Glenwood, on February 27, 2009. The most recent was New Century Bank of Chicago, on April 23, 2010. The FDIC's estimated loss on these failures totals $694 million, a median of 28% of each bank's assets.

Failed banks taken over by MB Financial Bank, N.A., by closing date200020052010201520202025Corus Bank, N.A., 2009-09-11Broadway Bank, 2010-04-23New Century Bank, 2010-04-23Heritage Community Bank, 2009-02-27InBank, 2009-09-04Benchmark Bank, 2009-12-04
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
February 27, 2009Heritage Community BankGlenwood, IL$235 million$48.2 million
September 4, 2009InBankOak Forest, IL$210 million$56.9 million
September 11, 2009Corus Bank, N.A.Chicago, IL$7.0 billionnone
December 4, 2009Benchmark BankAurora, IL$173 million$79.3 million
April 23, 2010Broadway BankChicago, IL$1.1 billion$377 million
April 23, 2010New Century BankChicago, IL$447 million$132 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.