# NEW CENTURY BANK

> **Failed bank** · CHICAGO, IL · failed 2010-04-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $132M

## What happened

NEW CENTURY BANK of CHICAGO, IL was closed by regulators on **2010-04-23**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **MB FINANCIAL BANK, NATIONAL ASSOCIATION** (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3789
- **FDIC Certificate:** 34821
- **FDIC FIN:** 10222
- **Bank name:** NEW CENTURY BANK
- **Location:** CHICAGO, IL
- **Failure date:** 2010-04-23
- **FDIC resolution date:** 2010-04-23
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $132M
- **Deposits at failure:** $439M
- **Assets at failure:** $447M
- **Acquiring bank:** MB FINANCIAL BANK, NATIONAL ASSOCIATION (CHICAGO, IL)

## Other banks MB FINANCIAL BANK, NATIONAL ASSOCIATION has acquired in FDIC resolutions

- BROADWAY BANK (CHICAGO, IL) — failed 2010-04-23 — /failed-bank/3786

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20CENTURY%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW CENTURY BANK (FDIC ID 3789), failed 2010-04-23. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3789.

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