NATIONAL BANK OF COMMERCE Failed 2009
What happened
NATIONAL BANK OF COMMERCE of BERKELEY, IL was closed on 2009-01-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to REPUBLIC BANK OF CHICAGO (OAK BROOK, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3587
- FDIC Certificate
- 19733
- FDIC FIN
- 10028
- Bank name
- NATIONAL BANK OF COMMERCE
- Location
- BERKELEY, IL
- Failure date
- 2009-01-16
- FDIC resolution date
- 2009-01-16
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $80M
- Deposits at failure
- $396M
- Assets at failure
- $420M
- Acquiring bank
- REPUBLIC BANK OF CHICAGO (OAK BROOK, IL)
Other banks REPUBLIC BANK OF CHICAGO acquired in FDIC resolutions