Bank Failure
Platinum Community Bank
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Closed September 4, 2009 · Rolling Meadows, IL · FDIC Cert #35030.
- Closing date
- September 4, 2009
- Headquarters
- Rolling Meadows, IL
- FDIC Certificate
- 35030
- Total assets at closing
- $148.0M
- Total deposits at closing
- $110.2M
- Estimated loss to the insurance fund
- Not published (the FDIC feed carries no estimate for this failure)
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
Context
On September 4, 2009, regulators closed Platinum Community Bank, headquartered in Rolling Meadows, IL. At closing, the institution held approximately $148.0M in assets and $110.2M in deposits. The FDIC record does not name an acquiring institution.
By assets at closing this is the 951st largest of the 3,526 bank failures in the FDIC record, and the 100th 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 Platinum Community Bank fail?
Platinum Community Bank was closed by regulators on September 4, 2009.
How big was Platinum Community Bank when it failed?
Platinum Community Bank had approximately $148.0M in total assets and $110.2M 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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