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Bank Failures

Bid Summary for Citizens Bank and Trust Company of Chicago, Chicago, IL

Citizens Bank and Trust Company of Chicago, Chicago, IL
Closing Date: April 23, 2010

Failed Bank Information for Citizens Bank and Trust Company of Chicago, Chicago, IL

BidderType of TransactionDeposit Premium %Asset Premium/(Discount) $(000)SF Loss Share Tranche 1SF Loss Share Tranche 2SF Loss Share Tranche 3Commercial Loss Share Tranche 1Commercial Loss Share Tranche 2Commercial Loss Share Tranche 3Value Appreciation InstrumentConforming BidLinked
Winning bid and bidder:
Republic Bank of Chicago, Oak Brook, IL		All deposit Clean P&A0.00013%N/AN/AN/ANAN/AN/ANANoYesN/A
Other Bids: None            

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. If any bids were received that would have been more costly than liquidation they have been excluded from this summary.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: April 19, 2022