EDGEBROOK BANK Failed 2015
What happened
EDGEBROOK BANK of CHICAGO, IL was closed on 2015-05-08. 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
- 4080
- FDIC Certificate
- 57772
- FDIC FIN
- 10514
- Bank name
- EDGEBROOK BANK
- Location
- CHICAGO, IL
- Failure date
- 2015-05-08
- FDIC resolution date
- 2015-05-08
- 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.)
- $21M
- Deposits at failure
- $90M
- Assets at failure
- $90M
- Acquiring bank
- REPUBLIC BANK OF CHICAGO (OAK BROOK, IL)
Other banks REPUBLIC BANK OF CHICAGO acquired in FDIC resolutions