Bank Failure
Lincoln Park Savings Bank
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Closed April 23, 2010 · Chicago, IL · FDIC Cert #30600.
- Closing date
- April 23, 2010
- Headquarters
- Chicago, IL
- FDIC Certificate
- 30600
- Total assets at closing
- $194.6M
- Total deposits at closing
- $162.6M
- Estimated loss to the insurance fund
- $37.9M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Northbrook Bank and Trust Company
Context
On April 23, 2010, regulators closed Lincoln Park Savings Bank, headquartered in Chicago, IL. At closing, the institution held approximately $194.6M in assets and $162.6M in deposits. The FDIC record names Northbrook Bank and Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $37.9M.
By assets at closing this is the 790th largest of the 3,526 bank failures in the FDIC record, and the 95th of 157 in 2010. 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 Lincoln Park Savings Bank fail?
Lincoln Park Savings Bank was closed by regulators on April 23, 2010.
Who acquired Lincoln Park Savings Bank?
The FDIC record names Northbrook Bank and Trust Company as the acquiring institution in the resolution of Lincoln Park Savings Bank.
How big was Lincoln Park Savings Bank when it failed?
Lincoln Park Savings Bank had approximately $194.6M in total assets and $162.6M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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