Failed Bank List: Claim an FDIC Insured Account or CD at a Failed Bank

Bank of Shorewood IL / Bank of Elwood IL

IL search for unclaimed money. Find a missing CD or lost bank account

Illinois search for unclaimed funds. Find a missing CD or unclaimed bank account

Unclaimed bank account, lost safe deposit box and missing CD search - Bank of Shorewood Bank of Elwood IL

August 5, 2011: Bank of Shorewood, Shorewood, IL, including the location operating as Bank of Elwood, was closed by the Illinois Department of Financial and Professional Regulation. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Heartland Bank and Trust Company, Bloomington, Illinois

Heartland Bank and Trust Company
401 North Hershey Road
Bloomington, IL 61702

History:

Est. as The Heritage Bank Of Shorewood
Changed name to Bank Of Shorewood
 

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: Search for unnclaimed IRA, CD and Savings Accounts

 

 

 

2011 FDIC Insured Failed Banks
 
 
 
 
Bank of Shorewood
700 West Jefferson Street
Shorewood, IL 60431

 
 

Established
as
The Heritage Bank Of Shorewood
 

 
 
 
 
Cost to FDIC: $ 26 million

 

 


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