Friday, January 30, 2015

Second Failure of the Year

At thirty-third on the list, Highland Community Bank of Chicago, Illinois, was closed last week the State of Illinois' Department of Financial & Professional Regulation—Division of Banking. United Fidelity Bank, fsb, (5216th on the list) of Evansville, Indiana has agreed to assume all the of the $53.5 million in total deposits and $54.7 million in total assets of the former Highland Community Bank. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $5.8 million.

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