| Company type | Private |
|---|---|
| Industry | Finance and Insurance |
| Defunct | October 30, 2009 |
| Fate | FBOP's banking subsidiaries were closed by their chartering agencies, and the agencies appointed the FDIC as receiver. |
| Headquarters | , United States |
Number of locations | 108 banking centers |
Area served | Arizona, California, Illinois, and Texas |
| Services | Commercial and retail banking |
| $917 million[1] | |
| Total assets | $18.5 billion[2] |
Number of employees | 4064[1] |
| Subsidiaries | Bank USA, Cal National Bank, Citizens National Bank, Madisonville State Bank, North Houston Bank, Pacific National Bank, San Diego National Bank |
| Website | Archive of official website |
FBOP Corporation was a financial services company based in Oak Park, Illinois, United States. As of mid-2009, it had $18.5 billion in assets and was the 46th largest bank holding company in the United States.[2] On October 30, 2009, FBOP's banking subsidiaries were closed by their chartering agencies and the Federal Deposit Insurance Corporation was appointed as their receiver.[3] The company had over 4064 employees.[1]
The holding company began as First Bank of Oak Park. FBOP started acquiring other banks in 1990. In 2006, First Bank of Oak Park merged with four other co-owned banks in Illinois to create Park National Bank. FBOP operated banks in Illinois, California, Texas, and Arizona, prior to their closure.
U.S. Bancorp acquired all nine of FBOP's nine banks on the day of closure, but later sold the three Texas-based banks to Prosperity Bancshares.[4]
- ^ a b c "FBOP Corporation". Holding Companies. iBanknet.com. November 13, 2007. Archived from the original on October 31, 2007. Retrieved January 22, 2008.
- ^ a b "Top 50 bank holding companies". Federal Financial Institutions Examination Council. September 30, 2009. Archived from the original on April 13, 2014. Retrieved October 31, 2009.
- ^ "U.S. Bank, NA, of Minneapolis, Minnesota, Assumes All of the Deposits of Nine Failed Banks in Arizona, California, Illinois and Texas". FDIC Press Release PR-195-2009. October 30, 2009. Retrieved November 27, 2020.
- ^ "PROSPERITY BANK® TO ACQUIRE TEXAS BRANCHES OF U.S. BANK". Prosperity Bank Press Release. Houston. January 19, 2010.