Bank Failure
The National Republic Bank of Chicago
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Closed October 24, 2014 · Chicago, IL · FDIC Cert #916.
- Closing date
- October 24, 2014
- Headquarters
- Chicago, IL
- FDIC Certificate
- 916
- Total assets at closing
- $843.1M
- Total deposits at closing
- $809.6M
- Estimated loss to the insurance fund
- $54.4M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- State Bank of Texas
Context
On October 24, 2014, regulators closed The National Republic Bank of Chicago, headquartered in Chicago, IL. At closing, the institution held approximately $843.1M in assets and $809.6M in deposits. The FDIC record names State Bank of Texas as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $54.4M.
By assets at closing this is the 250th largest of the 3,526 bank failures in the FDIC record, and the 1st 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 The National Republic Bank of Chicago fail?
The National Republic Bank of Chicago was closed by regulators on October 24, 2014.
Who acquired The National Republic Bank of Chicago?
The FDIC record names State Bank of Texas as the acquiring institution in the resolution of The National Republic Bank of Chicago.
How big was The National Republic Bank of Chicago when it failed?
The National Republic Bank of Chicago had approximately $843.1M in total assets and $809.6M 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 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 |
| Jun 20, 2014 | Valley Bank | $81.8M |
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