First American Bank

Status:Inactive as of 09/13/1999
 Merger - Without Assistance
Successor Bank:First American Bank
Headquarters:First American Bank
1818 West Jefferson Street
Joliet, IL 60434
Established:07/15/1960
FDIC Insurance:07/15/1960
FDIC Cert:#18278
Charter Class:Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Total Assets:$122,314,000
Total Deposits:$113,350,000

History

1960-07-15Institution established: Original name:Louis Joliet Bank
1974-07-01Changed name to Louis Joliet Bank and Trust Company
1984-10-10Acquired West Jefferson Bank (21184) in TROY TOWNSHIP, IL
1987-04-01Changed name to First American Bank of Will County
1990-05-14Changed name to First American Bank
1993-05-13Change trust powers from FULL TRUST POWERS GRANTED to TRUST POWERS TERMINATED
1995-07-10Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
1999-09-13Acquired First American Bank of Kankakee (18579) in KANKAKEE, IL
1999-09-13Merged into and subsequently operated as part of First American Bank (3657) in CARPENTERSVILLE, IL
2003-11-24Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2003-11-24Changed primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
2009-02-01Moved bank headquarters from CARPENTERSVILLE, IL to ELK GROVE VILLAGE, IL
2010-01-15Acquired Town Community Bank and Trust (34705) in ANTIOCH, IL as part of a government assisted transaction.
2014-12-05Acquired Bank of Coral Gables (58131) in CORAL GABLES, FL
2018-02-17Acquired Southport Bank (34289) in KENOSHA, WI
2019-10-23Acquired Continental National Bank (21578) in MIAMI, FL

Financial Information (1998-12-31 and Older)