Founders Bank
Status: | Inactive as of 07/02/2009 |
Absorption - Assisted | |
Successor Bank: | CIBC Bank USA |
Headquarters: | Founders Bank 6825 West 111th Street Worth, IL 60482 |
Established: | 06/03/1961 |
FDIC Insurance: | 06/03/1961 |
FDIC Cert: | #18390 |
Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
Total Assets: | $889,172,000 |
Total Deposits: | $832,160,000 |
History
1961-06-03 | Institution established: Original name:First State Bank of Worth | |
1973-08-23 | Changed name to Worth Bank and Trust | |
1998-06-01 | Changed name to Founders Bank | |
1998-06-01 | Acquired Tri-County Bank (19088) in MINOOKA, IL | |
1998-06-01 | Acquired Mount Greenwood Bank (17052) in CHICAGO, IL | |
2009-07-02 | Failed. Acquired with government financial assistance and subsequently operated as part of The PrivateBank and Trust Company (33306) | |
2010-11-01 | Acquired The PrivateBank, N.A. (58455) in MILWAUKEE, WI | |
2010-11-02 | Moved bank headquarters from WORTH, IL to CHICAGO, IL | |
2017-09-18 | Changed name to CIBC Bank USA (33306) |