Heritage Community Bank, Glenwood, IL

Heritage Community Bank, Glenwood, IL, was shuttered without warning by the FDIC, making it the government entity’s 16th victim this year.

Chicago-based MB Financial Bank, N.A., acquired all deposits of Glenwood-based Heritage Community Bank at the close of business today in a loss-share transaction facilitated by the Federal Deposit Insurance Corporation (FDIC).

“Customers can be assured that their deposits are safe and remain readily accessible,” says Feiger. “MB Financial Bank has a healthy balance sheet and a strong capital and liquidity position. And, we’ve been part of Chicago-area banking for nearly 100 years earning a reputation for quality customer service and sophisticated banking products and services. This agreement with the FDIC provides a safe and secure home at MB for Heritage Community Bank customers’ banking relationships.”

For more information see the FDIC web page here.

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