Old Plank Trail Bank Healthy; Assumes Deposits on Regulator-Closed Bank
First United Bank in Crete is closed by state regulators. New Lenox-based Old Plank Trail Bank assumes its deposits.
Old Plank Trail Bank is healthy. It assumes the deposits from First United Bank in Crete, which was closed by State Bank Regulators.
Old Plank Trail Bank
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Financial complications in the portfolio of First United Bank in Crete caught the eye of State Bank Regulators, who closed the bank on Sept. 28.
First United Bank's $316 million in deposits were assumed by Old Plank Trail Bank in New Lenox, according to a Sept. 28 story in the SouthtownStar.
Old Plank Trail Bank is healthy. It has branches in Frankfort, Orland Park and Mokena.
Customers from First State Bank can check on the status of their accounts by contacting the FDIC for more specific information on the Crete-based facility.
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In This article
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Old Plank Trail Community Bank
280 Veterans Pkwy, New Lenox, IL -
Ann C. Piasecki
Joined Patch Wednesday, November 24, 2010
Jennifer Malone
12:46 pm on Sunday, September 30, 2012
The First United Bank branch locaed on route 30 was a staple in the Frankfort community. It's manager and staff are the BEST and Old Pank Trail better embrace them!
Paul Schmitz
2:38 pm on Sunday, September 30, 2012
I second that emotion! :-)
Mike F.
12:21 pm on Monday, October 1, 2012
I wish Ivent hadn't been blocked here so I could read her inane NWO/Illuminati conspiracy theory on why a small bank in south suburban Chicago failed.
(just kidding)