Bank of Lincolnwood was the 37th bank to fail thus far in 2009. FDIC appointed the FDIC as receiver, and the failed bank’s deposits were assumed by the Republic Bank of Chicago, Oak Brook, IL. The Republic Bank had assets of $214 million and deposits of $202 million. The cost to FDIC’s Deposit Insurance Fund will be $83 million. The last bank to close in Illinois was Citizens National Bank on May 22. The FDIC increased the number of banks on its “troubled bank list” to more than 300.”]
Source: https://www.bankinfosecurity.com/illinois-regulators-shut-lincolnwood-bank-a-1525