Bank Failure
Community Bank of Lemont
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Closed October 30, 2009 · Lemont, IL · FDIC Cert #35291.
- Closing date
- October 30, 2009
- Headquarters
- Lemont, IL
- FDIC Certificate
- 35291
- Total assets at closing
- $81.8M
- Total deposits at closing
- $80.7M
- Estimated loss to the insurance fund
- $25.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- U.S. Bank, N.A.
Context
On October 30, 2009, regulators closed Community Bank of Lemont, headquartered in Lemont, IL. At closing, the institution held approximately $81.8M in assets and $80.7M in deposits. The FDIC record names U.S. Bank, N.A. as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $25.9M.
By assets at closing this is the 1322nd largest of the 3,526 bank failures in the FDIC record, and the 120th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Community Bank of Lemont fail?
Community Bank of Lemont was closed by regulators on October 30, 2009.
Who acquired Community Bank of Lemont?
The FDIC record names U.S. Bank, N.A. as the acquiring institution in the resolution of Community Bank of Lemont.
How big was Community Bank of Lemont when it failed?
Community Bank of Lemont had approximately $81.8M in total assets and $80.7M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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