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Federal Deposit
Insurance Corporation

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

Failed Bank Information for First United Bank, Crete, IL

On September 28, 2012, First United Bankwas closed by Department of Financial and Professional Regulation's Division of Banking. The FDIC was named Receiver. Old Plank Trail Community Bank, National Association (N.A.), New Lenox, IL acquired all deposit accounts, including brokered deposits.

The FDIC as Receiver for First United Bank, Crete, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 07, 2018 and has made all dividend distributions required by law.

Effective October 01, 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: October 01, 2018


Notice of Intent to Terminate

Publication Date: May 07, 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: OLD PLANK TRAIL COMMUNITY BANK, N.A.

About Old Plank Trail Community Bank, N.A.

All deposit accounts, including brokered deposits, were transferred to Old Plank Trail Community Bank, National Association (N.A.)("assuming institution"). Former First United Bank locations reopened as branches of Old Plank Trail Community Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Old Plank Trail Community Bank for at least six months after the failure of First United Bank.

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

Contacting Old Plank Trail Community Bank, N.A.

You can contact Old Plank Trail Community Bank, N.A.:

Old Plank Trail Community Bank, N.A.
280 Veterans Parkway
New Lenox, IL 60451

www.oldplanktrailbank.com/ Old Plank Trail Community Bank, N.A.

Transaction Documentation

Purchase & Assumption Agreement - PDF (9.89 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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