Bank failure · IL
Citizens Bank & Trust Company of Chicago (Chicago, IL) — failed April 23, 2010
Citizens Bank & Trust Company of Chicago of Chicago, Illinois was closed on April 23, 2010 and resolved through a purchase and assumption. Republic Bank of Chicago (IL) took over its insured deposits. At failure it held $73.5M in assets and $72.8M in deposits. The FDIC's estimated loss on the failure is $41.3M (56.2% of assets).
- Closing date
- April 23, 2010
- FDIC certificate #
- 34658
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Republic Bank of Chicago
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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