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Bailout

: Calculated Risk

Bank Failures #55 - 57: More Illinois

By Anonymous

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The Land Of Lincoln
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....
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.

From the FDIC: First Midwest Bank, Itasca, Illinois, Assumes All of the Deposits of Peotone Bank and Trust Company, Peotone, Illinois

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. ...
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.

From the FDIC: Wheaton Bank & Trust, Wheaton, Illinois, Assumes All of the Deposits of Wheatland Bank, Naperville, Illinois

As of December 31, 2009, Wheatland Bank had approximately $437.2 million in total assets and $438.5 million in total deposits. ...
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.

Seven in Illinois today ...

Full post as published by Calculated Risk on April 24, 2010 (boomark / email).