One of the country’s oldest banks, Citizens First National Bank, Princeton, IL, was closed today by the Comptroller of the Currency. The FDIC, acting as receiver, sold the failed bank to Heartland Bank and Trust Company, Bloomington, IL. Citizens First National, a large bank with 21 branches and almost $1 billion in assets, becomes the […]
Citizens First National Bank, IL, Founded In 1865, Closed By Regulators
November 2, 2012 By 1 Comment
Bank of Shorewood, IL, Closed By Regulators
August 5, 2011 By 1 Comment
Bank of Shorewood, Illinois, which survived the high inflation of the 1980’s and the savings and loan disaster of the 1990’s, collapsed today under the weight of bad loans. The Bank was closed by state regulators who appointed the FDIC as receiver. The FDIC sold Bank of Shorewood to Heartland Bank and Trust of Bloomington, […]
Western Springs National Bank and Trust Closed By OCC
April 9, 2011 By Leave a Comment
Ninety five year old Western Springs National Bank and Trust, which survived the depression and two previous banking crises, saw its long history come to an end today when the Office of the Comptroller of the Currency closed the bank to protect depositors. The FDIC, acting as receiver, sold the bank to Heartland Bank and […]