Failed Bank Information for Broadway Bank, Chicago, IL
On Friday, April 23, 2010, Broadway Bank was closed by the Illinois Department of Financial and Professional Regulation. The FDIC was named Receiver. MB Financial Bank, National Association (N.A.), Chicago, IL acquired all deposit accounts.
The FDIC as Receiver for Broadway Bank, 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 September 30, 2021 and has made all dividend distributions required by law.
Effective July 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: July 1, 2022
Publication Date: September 30, 2021
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: MB Financial Bank, N.A.
About MB Financial Bank, N.A.
All deposit accounts, excluding certain brokered deposits, were transferred to MB Financial Bank, National Association (N.A.), Chicago, IL ("assuming institution"). Former Broadway Bank locations reopened as branches of MB Financial Bank, N.A.
Your transferred deposits were separately insured from any accounts you may have already had at MB Financial Bank, N.A. for at least six months after the failure of Broadway Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with MB Financial Bank, N.A. as long as the deposits are not pledged as collateral for loans.
Contacting MB Financial Bank, N.A.
On 05/04/2019, MB Financial Bank, N.A. merged with Fifth Third Bank, National Association.
You can contact Fifth Third Bank, National Association:
Fifth Third Bank, National Association
38 Fountain Square Plaza
Cincinnati, OH 45263
Fifth Third Bank, National Association (www.53.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (0.8Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank