Friday, October 28, 2011

Number Eleven All American Bank Fails


11th ranked All American Bank of Des Plaines, Illinois failed today and was acquired by International Bank of Chicago (5644th) of Chicago, Illinois.  The small bank had assets of approximately $37.8 million and $33.4 million in total deposits. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $6.5 million.