Bank failure · IL
New City Bank (Chicago, IL) — failed March 9, 2012
New City Bank of Chicago, Illinois was closed on March 9, 2012 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $71.2M in assets and $72.4M in deposits. The FDIC's estimated loss on the failure is $13.2M (18.6% of assets).
- Closing date
- March 9, 2012
- FDIC certificate #
- 57597
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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