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First American Bank

Status:Inactive as of 08/02/1991
 Merger - Without Assistance
Successor Bank:First American Bank
Headquarters:First American Bank
One Bank Lane
Buffalo Grove, IL 60089
Established:09/12/1912
FDIC Insurance:01/01/1934
FDIC Cert:#5756
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$53,968,000
Total Deposits:$47,234,000

History

1912-09-12Institution established: Original name:First American Bank of Lake County
1987-02-26Moved bank headquarters from LAKE VILLA, IL to BUFFALO GROVE, IL
1990-05-14Changed name to First American Bank
1991-08-02Acquired First American Bank (22388) in HANOVER PARK, IL
1991-08-02Acquired First American Bank (17785) in CHICAGO, IL
1991-08-02Acquired First American Bank in BUFFALO GROVE, IL
1991-08-02Acquired First American Bank (10864) in CHICAGO, IL
1991-08-02Merged into and subsequently operated as part of First American Bank (3657) in CARPENTERSVILLE, IL
1995-07-06Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to FEDERAL RESERVE BOARD
1999-09-13Acquired First American Bank of Kankakee (18579) in KANKAKEE, IL
1999-09-13Acquired First American Bank (18278) in JOLIET, IL
2003-11-24Changed primary regulatory agency from FEDERAL RESERVE BOARD to FEDERAL DEPOSIT INSURANCE CORPORATION
2003-11-24Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
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