Bank Failure
Aztecamerica Bank
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Closed May 16, 2014 · Berwyn, IL · FDIC Cert #57866.
- Closing date
- May 16, 2014
- Headquarters
- Berwyn, IL
- FDIC Certificate
- 57866
- Total assets at closing
- $66.3M
- Total deposits at closing
- $65.0M
- Estimated loss to the insurance fund
- $21.7M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Republic Bank of Chicago
Context
On May 16, 2014, regulators closed Aztecamerica Bank, headquartered in Berwyn, IL. At closing, the institution held approximately $66.3M in assets and $65.0M in deposits. The FDIC record names Republic Bank of Chicago as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $21.7M.
By assets at closing this is the 1456th largest of the 3,526 bank failures in the FDIC record, and the 12th of 18 in 2014. It falls in the period the record labels Post-Dodd-Frank Calm (2014-2022), a period with 47 failures peaking at 18 in 2014.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Aztecamerica Bank fail?
Aztecamerica Bank was closed by regulators on May 16, 2014.
Who acquired Aztecamerica Bank?
The FDIC record names Republic Bank of Chicago as the acquiring institution in the resolution of Aztecamerica Bank.
How big was Aztecamerica Bank when it failed?
Aztecamerica Bank had approximately $66.3M in total assets and $65.0M in deposits at the time of failure.
Other failures in 2014
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 2014 | Northern Star Bank | $18.8M |
| Nov 7, 2014 | Frontier Bank, FSB | $80.7M |
| Oct 24, 2014 | The National Republic Bank of Chicago | $843.1M |
| Oct 17, 2014 | NBRS Financial Bank | $155.4M |
| Jul 25, 2014 | Greenchoice Bank, FSB | $70.3M |
| Jul 18, 2014 | Eastside Commercial Bank | $173.9M |
| Jun 27, 2014 | The Freedom State Bank | $22.8M |
| Jun 20, 2014 | Valley Bank | $456.4M |
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