Mount Greenwood Bank

Status:Inactive as of 06/01/1998
 Merger - Without Assistance
Successor Bank:Founders Bank
Headquarters:Mount Greenwood Bank
3052 West 111th Street
Chicago, IL 60655
Established:09/27/1951
FDIC Insurance:09/27/1951
FDIC Cert:#17052
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$148,668,000
Total Deposits:$132,774,000

History

1951-09-27Institution established: Original name:Mount Greenwood Bank
1998-06-01Acquired Tri-County Bank (19088) in MINOOKA, IL
1998-06-01Merged into and subsequently operated as part of Founders Bank (18390) in WORTH, IL
1998-06-01Changed name to Founders Bank (18390)
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 (1997-12-31 and Older)