Bank Failure
Western Springs National Bank and Trust
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Closed April 8, 2011 · Western Springs, IL · FDIC Cert #10086.
- Closing date
- April 8, 2011
- Headquarters
- Western Springs, IL
- FDIC Certificate
- 10086
- Total assets at closing
- $186.7M
- Total deposits at closing
- $182.4M
- Estimated loss to the insurance fund
- $38.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Heartland Bank and Trust Company
Context
On April 8, 2011, regulators closed Western Springs National Bank and Trust, headquartered in Western Springs, IL. At closing, the institution held approximately $186.7M in assets and $182.4M in deposits. The FDIC record names Heartland Bank and Trust Company as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $38.0M.
By assets at closing this is the 811th largest of the 3,526 bank failures in the FDIC record, and the 51st of 92 in 2011. 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 Western Springs National Bank and Trust fail?
Western Springs National Bank and Trust was closed by regulators on April 8, 2011.
Who acquired Western Springs National Bank and Trust?
The FDIC record names Heartland Bank and Trust Company as the acquiring institution in the resolution of Western Springs National Bank and Trust.
How big was Western Springs National Bank and Trust when it failed?
Western Springs National Bank and Trust had approximately $186.7M in total assets and $182.4M in deposits at the time of failure.
Other failures in 2011
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 2011 | Western National Bank | $162.9M |
| Dec 16, 2011 | Premier Community Bank of the Emerald Coast | $126.0M |
| Nov 18, 2011 | Central Progressive Bank | $383.1M |
| Nov 18, 2011 | Polk County Bank | $91.6M |
| Nov 10, 2011 | Community Bank of Rockmart | $62.4M |
| Nov 4, 2011 | Sunfirst Bank | $198.1M |
| Nov 4, 2011 | Mid City Bank, Inc. | $106.1M |
| Oct 28, 2011 | All American Bank | $34.8M |
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