Bank Failure
Edgebrook Bank
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Closed May 8, 2015 · Chicago, IL · FDIC Cert #57772.
- Closing date
- May 8, 2015
- Headquarters
- Chicago, IL
- FDIC Certificate
- 57772
- Total assets at closing
- $90.0M
- Total deposits at closing
- $90.0M
- Estimated loss to the insurance fund
- $20.6M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Republic Bank of Chicago
Context
On May 8, 2015, regulators closed Edgebrook Bank, headquartered in Chicago, IL. At closing, the institution held approximately $90.0M in assets and $90.0M 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 $20.6M.
By assets at closing this is the 1271st largest of the 3,526 bank failures in the FDIC record, and the 4th of 8 in 2015. 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 Edgebrook Bank fail?
Edgebrook Bank was closed by regulators on May 8, 2015.
Who acquired Edgebrook Bank?
The FDIC record names Republic Bank of Chicago as the acquiring institution in the resolution of Edgebrook Bank.
How big was Edgebrook Bank when it failed?
Edgebrook Bank had approximately $90.0M in total assets and $90.0M in deposits at the time of failure.
Other failures in 2015
| Date | Bank | Assets |
|---|---|---|
| Oct 2, 2015 | The Bank of Georgia | $286.1M |
| Oct 2, 2015 | Hometown National Bank | $3.8M |
| Jul 10, 2015 | Premier Bank | $26.8M |
| Feb 27, 2015 | Doral Bank | $5.90B |
| Feb 13, 2015 | Capitol City Bank & Trust Company | $272.3M |
| Jan 23, 2015 | Highland Community Bank | $54.7M |
| Jan 16, 2015 | First National Bank of Crestview | $73.8M |
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