Eight Illinois banks failed in 2012 - WREX.com – Rockford’s News Leader

Eight Illinois banks failed in 2012


Although the federal government says banks are ending the year with their highest profits since 2006, eight Illinois banks were unable to keep their doors open.

Since 2008, the state has seen 55 bank failures, the third most in the country. The following banks closed in Illinois this year:

  • Charter National Bank and Trust - Hoffman Estates, $93.9 million in assets
  • New City Bank - Chicago, $71.2 million in assets
  • Premier Bank - Wilmette, $268.7 million in assets
  • Farmers' and Traders' State Bank - Shabbona, $43.1 million in assets
  • Second Federal Savings and Loan Association of Chicago - Chicago, $190.9 million in assets
  • Waukegan Savings Bank - Waukegan, $83.7 million in assets
  • First United Bank - Crete, $328.4 million in assets
  • Citizens First National Bank - Princeton, $923.9 million in assets


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