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Bank Failures

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

On Friday, April 23, 2010, Citizens Bank & Trust Company of Chicago was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. The FDIC was named Receiver. Republic Bank of Chicago, Oak Brook, IL acquired all deposit accounts.

The FDIC as Receiver for Citizens Bank & Trust Company of Chicago, Chicago, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 30, 2022 and has made all dividend distributions required by law.

Effective December 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: December 1, 2022
Icon for Notice of Intent to Terminate

Notice of Intent to Terminate

Publication Date: March 30, 2022
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: REPUBLIC BANK OF CHICAGO

About Republic Bank of Chicago

All deposit accounts were transferred to Republic Bank of Chicago, Oak Brook, IL ("assuming institution"). Former Citizens Bank & Trust Company of Chicago locations reopened as branches of Republic Bank of Chicago.

Your transferred deposits were separately insured from any accounts you may have already had at Republic Bank of Chicago for at least six months after the failure of Citizens Bank & Trust Company of Chicago.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Republic Bank of Chicago as long as the deposits are not pledged as collateral for loans.

Contacting Republic Bank of Chicago

You can contact Republic Bank of Chicago:

Republic Bank of Chicago
2221 Camden Ct
Oak Brook, IL 60523

Republic Bank of Chicago (republicebank.com)

Transaction Documentation

Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: December 14, 2022