Bank of Shorewood

Status:Inactive as of 08/05/2011
 Absorption - Assisted
Successor Bank:Heartland Bank and Trust Company
Headquarters:Bank of Shorewood
700 West Jefferson Street
Joliet, IL 60431
Established:04/24/1978
FDIC Insurance:04/24/1978
FDIC Cert:#22637
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$110,723,000
Total Deposits:$104,021,000

History

1978-04-24Institution established: Original name:The Heritage Bank of Shorewood
1986-05-08Changed name to Bank of Shorewood
2004-03-15Reorganized.
2011-08-05Failed. Acquired with government financial assistance and subsequently operated as part of Heartland Bank and Trust Company (20369)
2012-08-24Acquired Farmer City State Bank (15855) in FARMER CITY, IL
2012-11-02Acquired Citizens First National Bank (3731) in PRINCETON, IL as part of a government assisted transaction.
2016-04-29Acquired American Midwest Bank (21272) in SYCAMORE, IL
2020-12-31Moved bank headquarters from 401 NORTH HERSHEY ROAD, BLOOMINGTON, IL to 401 N Hershey Rd, Bloomington, IL.
2020-12-31Acquired State Bank of LincolnHeartland Bank and Trust Company (12396) in LINCOLN, IL.

Financial Information (2011-06-30 and Older)