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Federal Deposit
Insurance Corporation

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

Failed Bank Information for First Suburban National Bank, Maywood, IL

On Friday, October 22, 2010, First Suburban National Bank was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. Seaway Bank and Trust Company, Chicago, IL acquired all deposit accounts.

The FDIC as Receiver for First Suburban National Bank, Maywood, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 28, 2017 and has made all dividend distributions required by law.

Effective February 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

Effective Date: February 1, 2018


Notice of Intent to Terminate

Publication Date: August 28, 2017

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: SEAWAY BANK AND TRUST COMPANY

About Seaway Bank and Trust Company

All deposit accounts, excluding the Cede & Co. deposits, were transferred to Seaway Bank and Trust Company, Chicago, IL ("assuming institution"). Former First Suburban National Bank locations reopened as branches of Seaway Bank and Trust Company.

Your transferred deposits were separately insured from any accounts you may have already had at Seaway Bank and Trust Company for at least six months after the failure of First Suburban National Bank.

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

Contacting Seaway Bank and Trust Company

On January 27, 2017, Seaway Bank and Trust Company merged with State Bank of Texas.

You can contact State Bank of Texas:

State Bank of Texas
11950 Webb Chapel Road
Dallas, TX 75234

State Bank of Texas (www.statebnk.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (2Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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