Bank Failure
National Bank of Commerce
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Closed January 16, 2009 · Berkeley, IL · FDIC Cert #19733.
- Closing date
- January 16, 2009
- Headquarters
- Berkeley, IL
- FDIC Certificate
- 19733
- Total assets at closing
- $419.7M
- Total deposits at closing
- $395.9M
- Estimated loss to the insurance fund
- $80.5M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Republic Bank of Chicago
Context
On January 16, 2009, regulators closed National Bank of Commerce, headquartered in Berkeley, IL. At closing, the institution held approximately $419.7M in assets and $395.9M 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 $80.5M.
By assets at closing this is the 438th largest of the 3,526 bank failures in the FDIC record, and the 57th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did National Bank of Commerce fail?
National Bank of Commerce was closed by regulators on January 16, 2009.
Who acquired National Bank of Commerce?
The FDIC record names Republic Bank of Chicago as the acquiring institution in the resolution of National Bank of Commerce.
How big was National Bank of Commerce when it failed?
National Bank of Commerce had approximately $419.7M in total assets and $395.9M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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