Heritage Community Bank
Glenwood, IL · Owner: Heritage Community Bcorp Inc
$235M
total assets, December 31, 2008
$235M
total assets, December 31, 2008
Heritage Community Bank was a state nonmember bank in Glenwood, IL, owned by Heritage Community Bcorp Inc. It failed on Feb 27, 2009, and MB Financial Bank, N.a. took over its deposits. At its last report it held $235.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Feb 27, 2009
- Assets
- $235M
- Deposits
- $226M
- Estimated cost
- $48.2M
- Deposits went to
- MB Financial Bank, N.a., Chicago, IL
Total assets
$235M
-21.2% in a year · +3.3% in a quarter
Deposits
$226M
-15.9% in a year · +7.3% in a quarter
Loans
$176M
-22.8% in a year · -8.7% in a quarter
Profit so far
-$21.2M
Jan 1 to Dec 31, 2008 · -558.3% in a year
Capital ratio
2.04%
-6.65 pts in a year
Return on assets
-8.02%
-9.51 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 18301 South Halsted Street, Glenwood, IL, 60425
- County
- Cook
- Holding company
- Heritage Community Bcorp Inc
- Established
- Nov 28, 1969
- Failed
- Feb 27, 2009
- Employees
- 61
- Branches
- 4
- Id
- b20078
Quarter by quarter
March 31, 1984 to December 31, 2008
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 Heritage Community Bank?
$235.2 million in total assets and $225.7 million in deposits as of December 31, 2008, with assets down 21.2% from a year before. Its loans were $176.0 million.
How many branches does Heritage Community Bank have?
4 branches in Illinois as of June 30, 2026.
Is Heritage Community Bank profitable?
No: it lost $21.2 million from January 1 to December 31, 2008. Its return on assets was -8.02% a year; about 1% is typical.
Who owns Heritage Community Bank?
Heritage Community Bank is owned by Heritage Community Bcorp Inc, its holding company.
When did Heritage Community Bank fail?
Feb 27, 2009. MB Financial Bank, N.a. of Chicago, IL took over its deposits. The estimated cost of the failure was $48.2 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.