Data / Bank failures / 2010 / Midwest Bank and Trust Company
Midwest Bank and Trust Company, Elmwood Park, IL: failed May 14, 2010
Midwest Bank and Trust Company in Elmwood Park, Illinois, failed on May 14, 2010. Firstmerit Bank, National Association of Arkon, OH, took over its deposits. It held $3.17 billion in assets and $2.42 billion in deposits at its last report. By assets it was the 6th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- May 14, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Firstmerit Bank, National Association, Arkon, OH
- Total assets
- $3,172,915,000
- Total deposits
- $2,420,738,000
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 18117
Other bank failures in Illinois, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Citizens First National Bank | Princeton | November 2, 2012 | $924 million | $869.4 million | $32.5 million | Heartland Bank and Trust Company |
| First United Bank | Crete | September 28, 2012 | $328.4 million | $316.9 million | $33.8 million | Old Plank Trail Community Bank, National Association |
| Waukegan Savings Bank | Waukegan | August 3, 2012 | $83.7 million | $73 million | $23.5 million | First Midwest Bank |
| Second Federal Savings and Loan Association of Chicago | Chicago | July 20, 2012 | $190.9 million | $171.6 million | $86.3 million | Hinsdale Bank & Trust Company |
| Farmers' and Traders' State Bank | Shabbona | June 8, 2012 | $43.1 million | $42.3 million | $10.2 million | First State Bank |
| Premier Bank | Wilmette | March 23, 2012 | $268.7 million | $199 million | $69.3 million | International Bank of Chicago |
| New City Bank | Chicago | March 9, 2012 | $71.2 million | $72.4 million | $13.2 million | |
| Charter National Bank and Trust | Hoffman Estates | February 10, 2012 | $93.9 million | $89.5 million | $18.5 million | Barrington Bank & Trust Company, National Association |
Other failed banks Firstmerit Bank, National Association took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| George Washington Savings Bank | Orland Park | IL | February 19, 2010 | $413.7 million | $395.3 million | $118.9 million | Firstmerit Bank, National Association |
All bank failures in 2010 · All bank failures in Illinois · Every failed bank Firstmerit Bank, National Association 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.