Failed Bank Information for All American Bank, Des Plaines, IL
On Friday, October 28, 2011, All American Bank was closed by the Illinois Department of Financial and Professional Regulation Division of Banking. The FDIC was named Receiver. International Bank of Chicago, Chicago, IL acquired all deposit accounts.
The FDIC as Receiver for All American Bank, Des Plaines, 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
Effective Date: February 1, 2018
Publication Date: August 28, 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: INTERNATIONAL BANK OF CHICAGO
About International Bank of Chicago
All deposit accounts, including brokered deposits, were transferred to International Bank of Chicago, Chicago, IL ("assuming institution"). Former All American Bank locations reopened as branches of International Bank of Chicago.
Your transferred deposits were separately insured from any accounts you may have already had at International Bank of Chicago for at least six months after the failure of All American Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with International Bank of Chicago as long as the deposits are not pledged as collateral for loans.
Contacting International Bank of Chicago
You can contact International Bank of Chicago:
International Bank of Chicago
5069 North Broadway
Chicago, IL 60640
International Bank of Chicago (www.inbk.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (4Mb)
Agreement between FDIC and acquiring institution
October 31, 2011 Amendment to Purchase and Assumption Agreement (74Kb)
Bid Summary
Report on the bids to purchase the failed bank