by Calculated Risk on 4/23/2010 08:12:00 PM
Friday, April 23, 2010
Bank Failures #55 - 57: More Illinois
Good banks are few, far between
Even less so now
by Soylent Green is People
From the FDIC: Northbrook Bank and Trust Company, Northbrook, Illinois, Assumes All of the Deposits of Lincoln Park Savings Bank, Chicago, Illinois
As of December 31, 2009, Lincoln Park Savings Bank had approximately $199.9 million in total assets and $171.5 million in total deposits....From the FDIC: First Midwest Bank, Itasca, Illinois, Assumes All of the Deposits of Peotone Bank and Trust Company, Peotone, Illinois
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $48.4 million.... Lincoln Park Savings Bank is the 55th FDIC-insured institution to fail in the nation this year, and the eighth in Illinois. The last FDIC-insured institution closed in the state was New Century Bank, Chicago, earlier today.
As of December 31, 2009, Peotone Bank and Trust Company had approximately $130.2 million in total assets and $127.0 million in total deposits. ...From the FDIC: Wheaton Bank & Trust, Wheaton, Illinois, Assumes All of the Deposits of Wheatland Bank, Naperville, Illinois
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $31.7 million. ... Peotone Bank and Trust Company is the 56th FDIC-insured institution to fail in the nation this year, and the ninth in Illinois. The last FDIC-insured institution closed in the state was Lincoln Park Savings Bank, Chicago, earlier today.
As of December 31, 2009, Wheatland Bank had approximately $437.2 million in total assets and $438.5 million in total deposits. ...Seven in Illinois today ...
The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $133.0 million. ... Wheatland Bank is the 57th FDIC-insured institution to fail in the nation this year, and the tenth in Illinois. The last FDIC-insured institution closed in the state was Peotone Bank and Trust Company, Peotone, earlier today.