Data / Bank failures / 2014 / The National Republic Bank of Chicago
The National Republic Bank of Chicago, Chicago, IL: failed October 24, 2014
The National Republic Bank of Chicago in Chicago, Illinois, failed on October 24, 2014. State Bank of Texas of Dallas, TX, took over its deposits. It held $843.1 million in assets and $809.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $54.4 million (6.5% of its assets). By assets it was the largest of 18 banks closed or assisted in 2014.
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The FDIC's record
- Closed
- October 24, 2014
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- State Bank of Texas, Dallas, TX
- Total assets
- $843,118,000
- Total deposits
- $809,638,000
- Estimated cost to the FDIC
- $54,424,057 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 916
Other bank failures in Illinois, 2012 to 2016
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Edgebrook Bank | Chicago | May 8, 2015 | $90 million | $90 million | $20.6 million | Republic Bank of Chicago |
| Highland Community Bank | Chicago | January 23, 2015 | $54.7 million | $53.5 million | $4.7 million | United Fidelity Bank, FSB |
| Greenchoice Bank, FSB | Chicago | July 25, 2014 | $70.3 million | $68.7 million | $18.4 million | Providence Bank, LLC |
| Valley Bank | Moline | June 20, 2014 | $456.4 million | $360 million | $47.8 million | Great Southern Bank |
| Aztecamerica Bank | Berwyn | May 16, 2014 | $66.3 million | $65 million | $21.7 million | Republic Bank of Chicago |
| Dupage National Bank | West Chicago | January 17, 2014 | $53.5 million | $51.9 million | $1.5 million | Republic Bank of Chicago |
| Covenant Bank | Chicago | February 15, 2013 | $58.4 million | $54.2 million | $19.6 million | Liberty Bank and Trust Company |
| Citizens First National Bank | Princeton | November 2, 2012 | $924 million | $869.4 million | $32.5 million | Heartland Bank and Trust Company |
Other failed banks State Bank of Texas took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Seaway Bank and Trust Company | Chicago | IL | January 27, 2017 | $297.8 million | $256.5 million | $43.7 million | State Bank of Texas |
| Millennium State Bank of Texas | Dallas | TX | July 2, 2009 | $118.6 million | $115.5 million | $52.7 million | State Bank of Texas |
| First National Bank of Garland | Garland | TX | March 29, 1990 | $9.4 million | $10.1 million | $2.3 million | State Bank of Texas |
All bank failures in 2014 · All bank failures in Illinois · Every failed bank State Bank of Texas took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.