2015 FDIC Insured Failed Banks |
January 23, 2015: Highland Community Bank, Chicago, IL was closed by the Illinois Department of Financial & 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 United Fidelity Bank, FSB, Evansville, Indiana.
United Fidelity Bank,
FSB History: Est. in 1970 as Highland Community Bank
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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 Bank Account Search |
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Highland Community Bank 1701 West 87th Street Chicago, IL 60620 |
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Established as Highland Community Bank |
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Cost to FDIC: $6 million |
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