Bank Failure
Highland Community Bank
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Closed January 23, 2015 · Chicago, IL · FDIC Cert #20290.
- Closing date
- January 23, 2015
- Headquarters
- Chicago, IL
- FDIC Certificate
- 20290
- Total assets at closing
- $54.7M
- Total deposits at closing
- $53.5M
- Estimated loss to the insurance fund
- $4.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- United Fidelity Bank, FSB
Context
On January 23, 2015, regulators closed Highland Community Bank, headquartered in Chicago, IL. At closing, the institution held approximately $54.7M in assets and $53.5M in deposits. The FDIC record names United Fidelity Bank, FSB as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $4.7M.
By assets at closing this is the 1580th largest of the 3,526 bank failures in the FDIC record, and the 6th of 8 in 2015. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Highland Community Bank fail?
Highland Community Bank was closed by regulators on January 23, 2015.
Who acquired Highland Community Bank?
The FDIC record names United Fidelity Bank, FSB as the acquiring institution in the resolution of Highland Community Bank.
How big was Highland Community Bank when it failed?
Highland Community Bank had approximately $54.7M in total assets and $53.5M in deposits at the time of failure.
Other failures in 2015
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| Jul 10, 2015 | Premier Bank | $26.8M |
| May 8, 2015 | Edgebrook Bank | $90.0M |
| Feb 27, 2015 | Doral Bank | $5.90B |
| Feb 13, 2015 | Capitol City Bank & Trust Company | $272.3M |
| Jan 16, 2015 | First National Bank of Crestview | $73.8M |
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