Friday, April 23, 2010

Bank Failures #51 -54: Illinois

by Bill McBride on 4/23/2010 07:13:00 PM

Illinois take down
Feds round up gangster-banksters
So much deja-vu

by Soylent Green is People

From the FDIC: Harris National Association, Chicago, Illinois, Assumes All Of The Deposits Of Amcore Bank, National Association, Rockford, Illinois
As of December 31, 2009, Amcore Bank, National Association had approximately $3.8 billion in total assets and $3.4 billion in total deposits....

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $220.3 million. .... Amcore Bank, National Association is the 51st FDIC-insured institution to fail in the nation this year, and the fourth in Illinois. The last FDIC-insured institution closed in the state was Bank of Illinois, Normal, on March 3, 2010.
From the FDIC: MB Financial Bank, National Association, Chicago, Illinois, Assumes All Of The Deposits Of Broadway Bank, Chicago, Illinois
As of December 31, 2009, Broadway Bank had approximately $1.2 billion in total assets and $1.1 billion in total deposits. ...

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $394.3 million. ... Broadway Bank is the 52nd FDIC-insured institution to fail in the nation this year, and the fifth in Illinois. The last FDIC-insured institution closed in the state was Amcore Bank, National Association, Rockford, earlier today.
From the FDIC: Republic Bank Of Chicago, Oak Brook, Illinois, Assumes All Of The Deposits Of Citizens Bank&Trust Company Of Chicago, Chicago, Illinois
As of December 31, 2009, Citizens Bank&Trust Company of Chicago had approximately $77.3 million in total assets and $74.5 million in total deposits....

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $20.9 million. ... Citizens Bank&Trust Company of Chicago is the 53rd FDIC-insured institution to fail in the nation this year, and the sixth in Illinois. The last FDIC-insured institution closed in the state was Broadway Bank, Chicago, earlier today.
From the FDIC: MB Financial Bank, National Association, Chicago, Illinois, Assumes All Of The Deposits Of New Century Bank, Chicago, Illinois
As of December 31, 2009, New Century Bank had approximately $485.6 million in total assets and $492.0 million in total deposits....

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $125.3 million..... New Century Bank is the 54th FDIC-insured institution to fail in the nation this year, and the seventh in Illinois. The last FDIC-insured institution closed in the state was Citizens Bank&Trust Company of Chicago, Chicago, earlier today.

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