Bank failure · IL
National Bank of Commerce (Berkeley, IL) — failed January 16, 2009
National Bank of Commerce of Berkeley, Illinois was closed on January 16, 2009 and resolved through a purchase and assumption. Republic Bank of Chicago (IL) took over its insured deposits. At failure it held $419.7M in assets and $395.9M in deposits. The FDIC's estimated loss on the failure is $80.5M (19.2% of assets).
- Closing date
- January 16, 2009
- FDIC certificate #
- 19733
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Republic Bank of Chicago
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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