Data / Bank failures / 2009 / Bank of Lincolnwood
Bank of Lincolnwood, Lincolnwood, IL: failed June 5, 2009
Bank of Lincolnwood in Lincolnwood, Illinois, failed on June 5, 2009. Republic Bank of Chicago of Oak Brook, IL, took over its deposits. It held $212.7 million in assets and $209.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $70.9 million (33.3% of its assets). By assets it was the 86th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- June 5, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Republic Bank of Chicago, Oak Brook, IL
- Total assets
- $212,718,000
- Total deposits
- $209,285,000
- Estimated cost to the FDIC
- $70,928,222 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 17309
Other bank failures in Illinois, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| All American Bank | Des Plaines | October 28, 2011 | $34.8 million | $30.5 million | $13.8 million | International Bank of Chicago |
| Country Bank | Aledo | October 14, 2011 | $195 million | $180.8 million | $69.3 million | Blackhawk Bank & Trust |
| First Choice Bank | Geneva | August 19, 2011 | $141 million | $137.2 million | $34.1 million | Inland Bank & Trust |
| Bank of Shorewood | Shorewood | August 5, 2011 | $110.7 million | $104 million | $29.4 million | Heartland Bank and Trust Company |
| First Chicago Bank & Trust | Chicago | July 8, 2011 | $896.9 million | $830.5 million | $192.9 million | Northbrook Bank and Trust Company |
| Western Springs National Bank and Trust | Western Springs | April 8, 2011 | $186.7 million | $182.4 million | $38 million | Heartland Bank and Trust Company |
| The Bank of Commerce | Wood Dale | March 25, 2011 | $163.1 million | $161.4 million | $44.1 million | Advantage National Bank |
| Valley Community Bank | ST. Charles | February 25, 2011 | $123.8 million | $124.2 million | $28.3 million | First State Bank |
Other failed banks Republic Bank of Chicago took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Edgebrook Bank | Chicago | IL | May 8, 2015 | $90 million | $90 million | $20.6 million | Republic Bank of Chicago |
| Aztecamerica Bank | Berwyn | IL | May 16, 2014 | $66.3 million | $65 million | $21.7 million | Republic Bank of Chicago |
| Dupage National Bank | West Chicago | IL | January 17, 2014 | $53.5 million | $51.9 million | $1.5 million | Republic Bank of Chicago |
| Citizens Bank & Trust Company of Chicago | Chicago | IL | April 23, 2010 | $73.5 million | $72.8 million | $41.3 million | Republic Bank of Chicago |
| National Bank of Commerce | Berkeley | IL | January 16, 2009 | $419.7 million | $395.9 million | $80.5 million | Republic Bank of Chicago |
All bank failures in 2009 · All bank failures in Illinois · Every failed bank Republic Bank of Chicago took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.