The Bank of Commerce

Status:Inactive as of 03/25/2011
 Absorption - Assisted
Successor Bank:Schaumburg Bank & Trust Company
Headquarters:The Bank of Commerce
171 East Irving Park Road
Wood Dale, IL 60191
Established:04/21/1997
FDIC Insurance:04/21/1997
FDIC Cert:#34292
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$163,074,000
Total Deposits:$161,379,000

History

1997-04-21Institution established: Original name:The Bank of Commerce
2004-11-23Moved bank headquarters from DOWNERS GROVE, IL to WOOD DALE, IL
2005-02-28Reorganized.
2011-03-25Failed. Acquired with government financial assistance and subsequently operated as part of Advantage National Bank (57103)
2011-07-15Changed name to Schaumburg Bank & Trust Company, National Association (57103)
2011-10-29Moved bank headquarters from WOOD DALE, IL to SCHAUMBURG, IL

Financial Information (2010-12-31 and Older)