All American Bank, Des Plaines, IL

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2011 FDIC Insured Failed Banks

October 28, 2011: All American Bank, Des Plaines, IL, was closed by the Illinois Department of Financial and Professional Regulation Division of Banking. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, including brokered deposits, have been transferred to International Bank of Chicago, Chicago, IL

International Bank of Chicago
5069 North Broadway
Chicago, IL 60640

History:

Est. in 2005 as All American Bank

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search

All American Bank
9380 West Ballard Road
Des Plaines, IL 60016
Established
as
All American Bank
Cost to FDIC: $7 million


 

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