Notizie / banking

Republic Bank of Chicago, Oak Brook, Illinois, Assumes All of the Deposits of DuPage National Bank, West Chicago, Illinois — 2014-01-17

DuPage National Bank, West Chicago, Illinois, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal…

Archivio · 2014-01-17

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DuPage National Bank, West 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 Republic Bank of Chicago, Oak Brook, Illinois, to assume all of the deposits of DuPage National Bank. The three former branches of DuPage National Bank will reopen as branches of Republic Bank of Chicago during their normal business hours. Depositors of DuPage National Bank will automatically become depositors of Republic Bank of Chicago. 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.

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