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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Charter National Bank and Trust, Hoffman Estates, IL

On Friday, February 10, 2012, Charter National Bank and Trust was closed by Office of the Comptroller of the Currency. The FDIC was named Receiver. Barrington Bank & Trust Company, National Association (N.A.), Barrington, IL acquired all deposit accounts.

The FDIC as Receiver for Charter National Bank and Trust, Hoffman Estates, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 05, 2018 and has made all dividend distributions required by law.

Effective April 01, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: April 01, 2019


Notice of Intent to Terminate

Publication Date: February 05, 2018

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware 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.

caution

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: BARRINGTON BANK & TRUST COMPANY, NATIONAL ASSOCIATION, N.A.

About Barrington Bank & Trust Company, National Association, N.A.

All deposit accounts, including brokered deposits, were transferred to Barrington Bank & Trust Company, National Association, N.A., Barrington, IL ("assuming institution"). Former Charter National Bank and Trust locations reopened as branches of Barrington Bank & Trust Company, National Association, N.A.

Your transferred deposits were separately insured from any accounts you may have already had at Barrington Bank & Trust Company, National Association, N.A. for at least six months after the failure of Charter National Bank and Trust.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Barrington Bank & Trust Company, National Association, N.A. as long as the deposits are not pledged as collateral for loans.

Contacting Barrington Bank & Trust Company, National Association, N.A.

You can contact Barrington Bank & Trust Company, National Association, N.A.:

Barrington Bank & Trust Company, National Association, N.A.
201 South Hough Street
Barrington, IL 60010

About Barrington Bank & Trust Company, National Association, N.A. (www.barringtonbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (8 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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