THE NATIONAL REPUBLIC BANK OF CHICAGO Failed 2014
What happened
THE NATIONAL REPUBLIC BANK OF CHICAGO of CHICAGO, IL was closed on 2014-10-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to STATE BANK OF TEXAS (DALLAS, TX). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4073
- FDIC Certificate
- 916
- FDIC FIN
- 10507
- Bank name
- THE NATIONAL REPUBLIC BANK OF CHICAGO
- Location
- CHICAGO, IL
- Failure date
- 2014-10-24
- FDIC resolution date
- 2014-10-24
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $54M
- Deposits at failure
- $810M
- Assets at failure
- $843M
- Acquiring bank
- STATE BANK OF TEXAS (DALLAS, TX)
Other banks STATE BANK OF TEXAS acquired in FDIC resolutions