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Bank Failures

Failed Bank Information for Bank of Illinois, Normal, IL

On Friday, March 5, 2010, Bank of Illinois was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. The FDIC was named Receiver. Heartland Bank and Trust Company, Bloomington, IL acquired all deposit accounts.

The FDIC as Receiver for Bank of Illinois, Normal, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 24, 2019 and has made all dividend distributions required by law.

Effective September 1, 2019 the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: September 1, 2019
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Notice of Intent to Terminate

Publication Date: May 24, 2019
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Dividend Information

Report on dividends paid
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Press Release

Official press release

Beware of scams!


Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: HEARTLAND BANK AND TRUST COMPANY

About Heartland Bank and Trust Company

All deposit accounts, excluding certain brokered deposits, were transferred to Heartland Bank and Trust Company, Bloomington, IL ("assuming institution"). Former Bank of Illinois locations reopened as branches of Heartland Bank and Trust Company.

Your transferred deposits were separately insured from any accounts you may have already had at Heartland Bank and Trust Company for at least six months after the failure of Bank of Illinois.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Heartland Bank and Trust Company as long as the deposits are not pledged as collateral for loans.

Contacting Heartland Bank and Trust Company

You can contact Heartland Bank and Trust Company:

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

Heartland Bank and Trust Company (www.hbtbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: September 16, 2019