Midwest Bank and Trust Company
Elmwood Park, IL · Owner: Midwest Banc Holdings Inc
$3.2B
total assets, March 31, 2010
$3.2B
total assets, March 31, 2010
Midwest Bank and Trust Company was a state member bank in Elmwood Park, IL, owned by Midwest Banc Holdings Inc. It failed on May 14, 2010, and Firstmerit Bank, National Association took over its deposits. At its last report it held $3.2 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- May 14, 2010
- Assets
- $3.2B
- Deposits
- $2.4B
- Estimated cost
- $0
- Deposits went to
- Firstmerit Bank, National Association, Arkon, OH
Total assets
$3.2B
-14.1% in a year · -7.4% in a quarter
Deposits
$2.4B
-5.5% in a year · -5.9% in a quarter
Loans
$2.2B
-15.7% in a year · -5.9% in a quarter
Profit so far
-$106M
Jan 1 to Mar 31, 2010
Capital ratio
1.00%
-5.34 pts in a year
Return on assets
-12.90%
-12.51 pts in a year
Facts
- Type
- State member bank
- Head office
- 1606 North Harlem Avenue, Elmwood Park, IL, 60707
- County
- Cook
- Holding company
- Midwest Banc Holdings Inc
- Established
- Dec 10, 1959
- Failed
- May 14, 2010
- Employees
- 409
- Branches
- 26
- Id
- b18117
Quarter by quarter
March 31, 1984 to March 31, 2010
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 Midwest Bank and Trust Company?
$3.2 billion in total assets and $2.4 billion in deposits as of March 31, 2010, with assets down 14.1% from a year before. Its loans were $2.2 billion.
How many branches does Midwest Bank and Trust Company have?
26 branches in Illinois as of June 30, 2026.
Is Midwest Bank and Trust Company profitable?
No: it lost $106.4 million from January 1 to March 31, 2010. Its return on assets was -12.90% a year; about 1% is typical.
Who owns Midwest Bank and Trust Company?
Midwest Bank and Trust Company is owned by Midwest Banc Holdings Inc, its holding company.
When did Midwest Bank and Trust Company fail?
May 14, 2010. Firstmerit Bank, National Association of Arkon, OH took over its deposits.
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.