Failed Bank Information for Community First Bank Chicago, Chicago, IL
On February 4, 2011, Community First Bank Chicago, Chicago, IL was closed by the Illinois Department of Banking & Financial Regulation. The FDIC was named Receiver. Northbrook Bank and Trust Company, Northbrook, IL acquired all deposit accounts.
The FDIC as Receiver for Community First Bank Chicago, Chicago, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on November 24, 2017 and has made all dividend distributions required by law.
Effective April 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Notice of Termination (www.federalregister.gov)
Effective Date: April 1, 2018
Notice of Intent to Terminate (www.federalregister.gov)
Publication Date: November 24, 2017
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
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: NORTHBROOK BANK AND TRUST COMPANY
About Northbrook Bank and Trust Company
All deposit accounts, including brokered deposits, were transferred to Northbrook Bank and Trust Company, Northbrook, IL ("assuming institution"). Former Community First Bank Chicago locations reopened as branches of Northbrook Bank and Trust Company.
Your transferred deposits were separately insured from any accounts you may have already had at Northbrook Bank and Trust Company for at least six months after the failure of Community First Bank Chicago.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Northbrook Bank and Trust Company as long as the deposits are not pledged as collateral for loans.
Contacting Northbrook Bank and Trust Company
You can contact Northbrook Bank and Trust Company:
Northbrook Bank & Trust
1100 Waukegan Rd.
Northbrook, IL 60062
Northbrook Bank and Trust Company (www.northbrookbank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (10.54 Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank