Premier Bank, Wilmette, IL, Closed by Regulators, 15th Banking Failure of 2012

Troubled Premier Bank of Wilmette, IL, was closed today by state regulators.  The FDIC, named as receiver, sold the failed bank to International Bank of Chicago, Chicago, IL, which will assume all deposits of failed Premier Bank. Premier’s two branches will reopen Saturday as branches of International Bank and all Premier depositors will automatically become […]

Mid City Bank, Inc., Closed By Nebraska Regulators

Mid City Bank, Inc., Omaha, NE, became the nation’s 86th banking failure of 2011 after being closed by state regulators. The FDIC, appointed as receiver, sold the failed bank to Purdum State Bank, Purdum, Nebraska, which will assume all deposits and purchase all assets of Mid City Bank.  On Saturday, Purdum State Bank will change […]