Bank failure · IL

Edgebrook Bank (Chicago, IL) — failed May 8, 2015

Edgebrook Bank of Chicago, Illinois was closed on May 8, 2015 and resolved through a purchase and assumption. Republic Bank of Chicago (IL) took over its insured deposits. At failure it held $90.0M in assets and $90.0M in deposits. The FDIC's estimated loss on the failure is $20.6M (22.9% of assets).