On Friday, March 9, 2012, New City Bank was closed by the Illinois Department of Financial and Professional Regulation – Division of Banking. The FDIC was named Receiver. An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts.
The FDIC as Receiver for New City 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 February 24, 2025 and has made all dividend distributions required by law.
Effective June 1, 2025, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Effective Date: June 1, 2025
Notice of Intent to Terminate
Publication Date: February 24, 2025
Dividend Information
Report on dividends paid
Press Release
Official press release
Beware of Scams
Please be advised that 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.
TRANSACTION DOCUMENTATION
BankFind Suite: Find Institutions by Name & Location
BankFind Suite allows you to locate the failed bank by name or FDIC certificate number.