On Friday, July 31, 2009, Mutual Bank was closed by the Illinois Department of Financial and Professional Regulation. The FDIC was named Receiver. United Central Bank, Garland, TX acquired all deposit accounts.
The FDIC as Receiver for Mutual Bank, Harvey, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 8, 2019 and has made all dividend distributions required by law.
Effective November 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
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: UNITED CENTRAL BANK
About United Central Bank
All deposit accounts, including brokered deposits, were transferred to United Central Bank, Garland, TX ("assuming institution"). Former Mutual Bank locations reopened as branches of United Central Bank.
Your transferred deposits were separately insured from any accounts you may have already had at United Central Bank for at least six months after the failure of Mutual Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with United Central Bank as long as the deposits are not pledged as collateral for loans.
Contacting United Central Bank
On September 1, 2014, United Central Bank merged with Hanmi Bank.
You can contact Hanmi Bank:
Hanmi Bank
3660 Wilshire Boulevard, Suite A
Los Angeles, CA 90010
Hanmi Bank (www.hanmi.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank