![]() 2015 FDIC Insured Failed Banks |
Friday, May 8, 2015: Edgebrook Bank, Chicago, IL was closed by the
Illinois Department of Financial & Professional Regulation - Division of
Banking.
The Federal Deposit Insurance Corporation was
named receiver.
Successor Bank: All deposit accounts, including brokered deposits, have been transferred to Republic Bank of Chicago, Oak Brook, IL
Republic
Bank of Chicago History:
2005: Edgebrook Bank established ►
Depositors must establish contact or the successor bank or the FDIC to
reclaim their deposits. ►
Not every depositor in a failed bank will receive notification from the
FDIC, and there are time limits on claims of FDIC-insured bank accounts,
CDs and safe deposit boxes. By law, accounts which go unclaimed for an
extended period may be time barred, and safe deposit boxes can be drilled
and the contents sold at auction. ► Additionally, accounts transferred to
successor institutions may have lower interest rates and can lose
insurance coverage. ► It is important to understand
you may have an account at a failed institution and not know it,
either because you were a depositor at a bank acquired by an institution
that subsequently failed, or if you or a deceased family member are the
beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search |
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Edgebrook
Bank 6000 West Touhy Ave Chicago, IL 60646 |
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Established as Edgebrook Bank |
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Cost to FDIC: $17 million |
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