The Graveyard › Banks › 2012
New City Bank
Chicago, IL · failed March 9, 2012 · FDIC certificate 57597
New City Bank of Chicago, IL failed on March 9, 2012. It opened on October 16, 2003, 8 years before. At its last report before that it held $71.2 million in assets and $72.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2008, it held $103.5 million. The FDIC estimates that the Deposit Insurance Fund lost $13.2 million on it.
2003-122011-12
Assets at the end$71.2 millionlast report before March 9, 2012
Deposits at the end$72.4 million
Estimated loss to the fund$13.2 millionDIF
Largest in the quarterly reports$103.5 millionDecember 31, 2008
Equity to assets-2.5%December 31, 2011
Loans not being repaid27.7%noncurrent, December 31, 2011
Return on assets-11.15%a year's rate, December 31, 2011
Staff9full time, December 31, 2011
Also ended in 2012
- Tennessee Commerce Bank · Franklin, TN · $1.0 billion in assets
- Citizens First National Bank · Princeton, IL · $924.0 million in assets
- Fidelity Bank · Dearborn, MI · $818.2 million in assets
- Waccamaw Bank · Whiteville, NC · $533.1 million in assets
- The First State Bank · Stockbridge, GA · $516.8 million in assets
- Inter Savings Bank, fsb D/B/A Interbank, fsb · Maple Grove, MN · $463.8 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.