Bank failure · IL
The National Republic Bank of Chicago (Chicago, IL) — failed October 24, 2014
The National Republic Bank of Chicago of Chicago, Illinois was closed on October 24, 2014 and resolved through a purchase and assumption. State Bank of Texas (TX) took over its insured deposits. At failure it held $843.1M in assets and $809.6M in deposits. The FDIC's estimated loss on the failure is $54.4M (6.5% of assets).
- Closing date
- October 24, 2014
- FDIC certificate #
- 916
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- State Bank of Texas
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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