6 failed banks ยท 2009 to 2015
Failed banks taken over by Republic Bank of Chicago
Republic Bank of Chicago of Oak Brook, Illinois took over six failed banks between 2009 and 2015, the ninth-highest count among the 318 acquirers of that period. Together they reported $916 million in assets and $885 million in deposits at closing. The largest was National Bank of Commerce, at $420 million. All of them were in Illinois. Two of the deals came in 2009. The most recent was Edgebrook Bank of Chicago, on May 8, 2015. The FDIC's estimated loss on these failures totals $237 million, a median of 28% of each bank's assets.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 16, 2009 | National Bank of Commerce | Berkeley, IL | $420 million | $80.5 million |
| June 5, 2009 | Bank of Lincolnwood | Lincolnwood, IL | $213 million | $70.9 million |
| April 23, 2010 | Citizens Bank and Trust Company of Chicago | Chicago, IL | $73.5 million | $41.3 million |
| January 17, 2014 | DuPage National Bank | West Chicago, IL | $53.5 million | $1.5 million |
| May 16, 2014 | AztecAmerica Bank | Berwyn, IL | $66.3 million | $21.7 million |
| May 8, 2015 | Edgebrook Bank | Chicago, IL | $90.0 million | $20.6 million |
The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.