Failed Bank Information for Midwest Bank and Trust Company, Elmwood Park, IL
On Friday, May 14, 2010, Midwest Bank and Trust Company was closed by the Illinois Department of Financial Professional Regulation - Division of Banking. The FDIC was named Receiver. FirstMerit Bank, NA, Akron, OH acquired all deposit accounts.
The FDIC as Receiver for Midwest Bank and Trust Company, Elmwood Park, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 29, 2021 and has made all dividend distributions required by law.
Effective October 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: October 1, 2021
Publication Date: June 29, 2021
Report on dividends paid
Official press release
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: FIRSTMERIT BANK, NA
About FirstMerit Bank, NA
All deposit accounts, were transferred to FirstMerit Bank, NA, Akron, OH ("assuming institution"). Former Midwest Bank and Trust Company locations reopened as branches of FirstMerit Bank, NA.
Your transferred deposits were separately insured from any accounts you may have already had at FirstMerit Bank, NA for at least six months after the failure of Midwest Bank and Trust Company.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with FirstMerit Bank, NA as long as the deposits are not pledged as collateral for loans.
Contacting FirstMerit Bank, NA
On August 16, 2016 FirstMerit Bank
merged with The Huntington National Bank.
You can contact The Huntington National Bank:
The Huntington National Bank
17 S High St
Columbus, OH 43215
The Huntington National Bank (www.huntington.com)
Purchase & Assumption Agreement - PDF (1.57 Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank