Failed Bank Report: Claim FDIC Insured Accounts at Failed Banks

Ravenswood Bank - Chicago, IL

Ravenswood Bank Illinois search for missing money or a lost bank account

IL missing money search

Unclaimed  bank account search - Il Ravenswood Bank

August 6, 2010: Ravenswood Bank, Chicago, 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 Northbrook Bank and Trust Company, Northbrook, Illinois. The two branches of Ravenswood Bank will reopen on Saturday as branches of Northbrook Bank and Trust Company.

Northbrook Bank and Trust Company
1100 Waukegan Road
Northbrook, IL 60062

History:  Established as The Community Bank Of Ravenswood
Changed name to Ravenswood 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 or safe deposit box go to: Unclaimed Money Search

 

 

 

2010 FDIC Insured Failed Banks
 
 
 
 
Ravenswood Bank
2300 West Lawrence Avenue
Chicago, IL 60625

 
 

Established
as
The Community Bank Of Ravenswood
 

 
 
 
 
Cost to FDIC: $68 million

 

 
 

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