Mutual Bank

Status:Inactive as of 07/31/2009
 Absorption - Assisted
Successor Bank:United Central Bank
Headquarters:Mutual Bank
16540 South Halsted Street
Harvey, IL 60426
Established:12/15/1962
FDIC Insurance:12/15/1962
FDIC Cert:#18659
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$1,595,657,000
Total Deposits:$1,546,525,000

History

1962-12-15Institution established: Original name:First State Bank of Harvey
1980-05-14Changed name to Mutual Trust & Savings Bank
1994-01-01Changed name to Mutual Bank
2004-02-07Acquired Security Bank of DuPage (20111) in NAPERVILLE, IL
2009-07-31Failed. Acquired with government financial assistance and subsequently operated as part of United Central Bank (25330)
2014-09-01Merged into and subsequently operated as part of Hanmi Bank (24170) in LOS ANGELES, CA
2016-07-20Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS

Financial Information (2009-06-30 and Older)