Failed Bank - Unclaimed FDIC Insured IRA, Savings Account and CD Search

First Choice Bank - Geneva, 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 - First Choice Bank Illinois

August 19, 2011: First Choice Bank, Geneva, 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, excluding certain brokered deposits, have been transferred to Inland Bank & Trust, Oakbrook, IL

INLAND BANK & TRUST
2805 Butterfield Road
Oak Brook, IL 60523

History:

Est. in 2001 as First Choice 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 IRA, CD and Savings Account Search

 

 

 

2011 FDIC Insured Failed Banks
 
 
 
 
First Choice Bank
1900 West State Street
Geneva, IL 60134

 
 

Established
as
First Choice Bank
 

 
 
 
 
Cost to FDIC: $ 31 million

 

 


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