State regulators on Friday closed Edgebrook Bank, Chicago, and appointed the FDIC as receiver. Republic Bank of Chicago, Oak Brook, Ill., agreed to assume all of the failed banks $90 million in deposits and to purchase $79.7 million of its $90 million in assets. The failure, which is estimated to cost the Deposit Insurance Fund $16.8 million, was the fifth thus far in 2015. Read more.
State regulators on Friday closed Edgebrook Bank, Chicago, and appointed the FDIC as receiver.
Regulators Close Bank in Chicago
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