Charter National Bank and Trust
Hoffman Estates, IL · Owner: Hanover Bank Corp
$93.9M
total assets, December 31, 2011
$93.9M
total assets, December 31, 2011
Charter National Bank and Trust was a national bank in Hoffman Estates, IL, owned by Hanover Bank Corp. It failed on Feb 10, 2012, and Barrington Bank & Trust Company, National Association took over its deposits. At its last report it held $93.9 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2011
This bank failed
- Failed on
- Feb 10, 2012
- Assets
- $93.9M
- Deposits
- $89.5M
- Estimated cost
- $18.5M
- Deposits went to
- Barrington Bank & Trust Company, National Association, Barrington, IL
Total assets
$93.9M
-11.0% in a year · -1.3% in a quarter
Deposits
$89.5M
-9.4% in a year · -3.7% in a quarter
Loans
$55.3M
-24.2% in a year · -13.8% in a quarter
Profit so far
-$4.5M
Jan 1 to Dec 31, 2011
Capital ratio
0.09%
-4.04 pts in a year
Return on assets
-4.47%
-0.79 pts in a year
Facts
- Type
- National bank
- Head office
- 2200 West Higgins Road, Hoffman Estates, IL, 60169
- County
- Cook
- Holding company
- Hanover Bank Corp
- Established
- Jul 31, 1980
- Failed
- Feb 10, 2012
- Employees
- 32
- Branches
- 3
- Id
- b23187
Quarter by quarter
March 31, 1984 to December 31, 2011
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Charter National Bank and Trust?
$93.9 million in total assets and $89.5 million in deposits as of December 31, 2011, with assets down 11.0% from a year before. Its loans were $55.3 million.
How many branches does Charter National Bank and Trust have?
3 branches in Illinois as of June 30, 2026.
Is Charter National Bank and Trust profitable?
No: it lost $4.50 million from January 1 to December 31, 2011. Its return on assets was -4.47% a year; about 1% is typical.
Who owns Charter National Bank and Trust?
Charter National Bank and Trust is owned by Hanover Bank Corp, its holding company.
When did Charter National Bank and Trust fail?
Feb 10, 2012. Barrington Bank & Trust Company, National Association of Barrington, IL took over its deposits. The estimated cost of the failure was $18.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.