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Bank Failures

Failed Bank Information for Community Bank of Lemont, Lemont, IL

On Friday, October 30, 2009, Community Bank of Lemont was closed by the Illinois Department of Financial and Professional Regulation - Division of Banking. The FDIC was named Receiver. U.S. Bank National Association (U.S. Bank), Minneapolis, MN acquired all deposit accounts.

The FDIC as Receiver for Community Bank of Lemont, Lemont, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 24, 2021 and has made all dividend distributions required by law.

Effective November 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: November 1, 2021
Icon for Notice of Intent to Terminate

Notice of Intent to Terminate

Publication Date: June 24, 2021
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Dividend Information

Report on dividends paid
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Press Release

Official press release

Beware of scams!


Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: U.S. BANK NATIONAL ASSOCIATION (U.S. BANK)

About U.S. Bank

All deposit accounts were transferred to U.S. Bank, Minneapolis, MN ("assuming institution"). Former Community Bank of Lemont locations reopened as branches of U.S. Bank.

Your transferred deposits were separately insured from any accounts you may have already had at U.S. Bank for at least six months after the failure of Community Bank of Lemont.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with U.S. Bank as long as the deposits are not pledged as collateral for loans.

Contacting U.S. Bank National Association (U.S. Bank)

You can contact U.S. Bank:

U.S. Bank
425 Walnut Street
Cincinnati, OH 45202

U.S. Bank ( www.usbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF ( 703 KB)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: November 4, 2021