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CIBC Bank USA is an American commercial bank headquartered in Chicago, Illinois.Founded in 1989 as The PrivateBank and Trust Company (doing business as The PrivateBank), a subsidiary of PrivateBancorp Inc., the company became a subsidiary of the Toronto-based Canadian Imperial Bank of Commerce (CIBC) after a US$5 billion acquisition in June 2017. [2]
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First Midwest Bank entered into a loss-share transaction with the FDIC providing First Midwest Bank with protection from the FDIC for loan losses. [5] On April 23, 2010, First Midwest Bank acquired Peotone Bank, taking on $130 million in assets and $127 million in deposits in a transaction facilitated by the Federal Deposit Insurance Corporation.
Other than M&T Bank, Northern Trust was the only bank in the S&P 500 Index not to lower its dividend during the financial crisis of 2007–2008. [ 25 ] In November 2008, the United States Department of the Treasury invested $1.5 billion in the company as part of the Troubled Asset Relief Program and in June 2009, the company repurchased the ...
The bank was authorized to carry on a general commercial, savings bank, and trust business, taking over all the business of the Straus Trust Company, which had been founded in 1924 [6] as an Illinois State bank. [1] The new bank had an initial capitalization of $1,000,000, a surplus of $250,000 and a special reserve of $50,000. [6]
Pan American Bank & Trust [1] is a U.S. Federal Deposit Insurance Corporation-insured, privately held bank based in Melrose Park, Illinois with $316 million in assets and $288 million in deposits. [2] The bank is wholly owned by American Bancorp of Illinois, Inc., a bank holding company duly registered with the Federal Reserve System. [3]