The total list of bank failures over the past few years include:
Bank of Illinois, Normal
George Washington Savings Bank, Orland Park
Town Community Bank & Trust, Antioch
Independent Bankers' Bank, Springfield
Benchmark Bank, Aurora
Park National Bank, Chicago
Community Bank of Lemont, Lemont
First DuPage Bank, Westmont
Corus Bank, N.A., Chicago
Platinum Community Bank, Rolling Meadows
InBank, Oak Forest
Mutual Bank, Harvey
Founders Bank, Worth
First National Bank of Danville, Danville
Elizabeth State Bank, Elizabeth
Rock River Bank, Oregon
First State Bank of Winchester, Winchester
John Warner Bank, Clinton
Bank of Lincolnwood, Lincolnwood
Citizens National Bank, Macomb
Strategic Capital Bank, Champaign
Heritage Community Bank, Glenwood
Corn Belt Bank & Trust Co., Pittsfield
National Bank of Commerce, Berkeley
Meridian Bank, Eldred
Universal Federal Savings Bank, Chicago
Superior Bank, FSB, Hinsdale
Four of the bank closures were directly linked with fallen home-mortgage entrepreneur Lee Farkas. Mr. Farkas was the head of the Taylor, Bean & Whitaker Mortgage Corp. which filed for bankruptcy in 2009.
The good think about Mr. Farkas failures and other bank closures is that now, the playing field is filled with strong options. Depositors in Illinois looking for a safe and secure financial institution such as local banks or credit unions now have plenty of solid options to choose from.
National Bank, Midwest Bank, First Illinois Bank, Parkway Bank and West Suburban Bank are only a couple of the capable banks that have withstood the financial catastrophe that spread across the nation.
If you are in need of finding the best savings account rates or need to locate any other type of banking service in Illinois, there is no need to hesitate. Illinois offers great high yield best 6 month Cd rates , best 12 month cd rates and longer term best 2 year CD rates . The government has taken many steps to ensure that all remaining banks in Illinois are now fully prepared to handle any crisis that may occur in
the future.
Source: Go Banking Rates
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