Failed Bank Information for New Century Bank, Chicago, IL
On Friday, April 23, 2010, New Century Bank was closed by the Illinois Department of Financial and Professional Regulation, Division of Banking. The FDIC was named Receiver. MB Financial Bank, N.A., Chicago, IL acquired all deposit accounts.
The FDIC as Receiver for New Century Bank, 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 April 9, 2021 and has made all dividend distributions required by law.
Effective September 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: September 1, 2021
Publication Date: April 9, 2021
Report on dividends paid
Official press release
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
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: MB FINANCIAL BANK, N.A.
About MB Financial Bank, N.A.
All deposit accounts, including brokered deposits, were transferred to MB Financial Bank, N.A., Chicago, IL ("assuming institution"). Former New Century Bank locations reopened as branches of MB Financial Bank, N.A.
Your transferred deposits were separately insured from any accounts you may have already had at MB Financial Bank, N.A. for at least six months after the failure of New Century Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with MB Financial Bank, N.A. as long as the deposits are not pledged as collateral for loans.
Contacting MB Financial Bank, N.A.
On May 4, 2019, MB Financial Bank, N.A. merged with Fifth Third Bank, N.A.
You can contact Fifth Third Bank, N.A.:
Fifth Third Bank, N.A.
38 Fountain Square Plaza
Cincinnati, OH 45263
Fifth Third Bank, N.A. (www.53.com)
Purchase & Assumption Agreement - PDF (1.4 Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank