The Graveyard › Banks › 2010
Midwest Bank and Trust Company
Elmwood Park, IL · failed May 14, 2010 · FDIC certificate 18117
Midwest Bank and Trust Company of Elmwood Park, IL failed on May 14, 2010. It opened on December 10, 1959, 50 years before. At its last report before that it held $3.2 billion in assets and $2.4 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $3.7 billion. The FDIC's list records no loss to the Deposit Insurance Fund.
1984-032010-03
Assets at the end$3.2 billionlast report before May 14, 2010
Deposits at the end$2.4 billion
Estimated loss to the fundnone recordedDIF
Largest in the quarterly reports$3.7 billionMarch 31, 2008
Equity to assets2.7%March 31, 2010
Loans not being repaid12.7%noncurrent, March 31, 2010
Return on assets-12.90%a year's rate, March 31, 2010
Staff409full time, March 31, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Amcore Bank, National Association · Rockford, IL · $3.1 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.