State Bank of Texas, Dallas, Texas, Assumes All of the Deposits of the National Republic Bank of Chicago, Chicago, Illinois — 2014-10-24

The National Republic Bank of Chicago, Chicago, Illinois, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank of Texas, Dallas, Texas, to assume all of the deposits of The National Republic Bank of Chicago. The two branches of The National Republic Bank of Chicago will reopen as branches of State Bank of Texas during their normal business hours. Depositors of The National Republic Bank of Chicago will automatically become depositors of State Bank of Texas. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.