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

1961-06-03Institution established: Original name:First State Bank of Worth
1973-08-23Changed name to Worth Bank and Trust
1998-06-01Changed name to Founders Bank
1998-06-01Acquired Tri-County Bank (19088) in MINOOKA, IL
1998-06-01Acquired Mount Greenwood Bank (17052) in CHICAGO, IL
2009-07-02Failed. Acquired with government financial assistance and subsequently operated as part of The PrivateBank and Trust Company (33306)
2010-11-01Acquired The PrivateBank, N.A. (58455) in MILWAUKEE, WI
2010-11-02Moved bank headquarters from WORTH, IL to CHICAGO, IL
2017-09-18Changed name to CIBC Bank USA (33306)

Financial Information (2009-06-30 and Older)