AZTECAMERICA BANK Failed 2014
What happened
AZTECAMERICA BANK of BERWYN, IL was closed on 2014-05-16. 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
- 4064
- FDIC Certificate
- 57866
- FDIC FIN
- 10498
- Bank name
- AZTECAMERICA BANK
- Location
- BERWYN, IL
- Failure date
- 2014-05-16
- FDIC resolution date
- 2014-05-16
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $22M
- Deposits at failure
- $65M
- Assets at failure
- $66M
- Acquiring bank
- REPUBLIC BANK OF CHICAGO (OAK BROOK, IL)
Other banks REPUBLIC BANK OF CHICAGO acquired in FDIC resolutions