4 failed banks ยท 2010 to 2011
Failed banks taken over by Northbrook Bank & Trust Company
Northbrook Bank & Trust Company of Northbrook, Illinois took over four failed banks between 2010 and 2011, the 17th-highest count among the 318 acquirers of that period. Together they reported $1.4 billion in assets and $1.3 billion in deposits at closing. The largest was First Chicago Bank & Trust, at $897 million. All of them were in Illinois. Two of the deals came in 2010. The first was Lincoln Park Savings Bank of Chicago, on April 23, 2010. The FDIC's estimated loss on these failures totals $309 million, a median of 21% of each bank's assets.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| April 23, 2010 | Lincoln Park Savings Bank | Chicago, IL | $195 million | $37.9 million |
| August 6, 2010 | Ravenswood Bank | Chicago, IL | $265 million | $67.7 million |
| February 4, 2011 | Community First Bank - Chicago | Chicago, IL | $51.1 million | $10.2 million |
| July 8, 2011 | First Chicago Bank & Trust | Chicago, IL | $897 million | $193 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.