1. Introduction
2. Press Release
3. Acquiring Financial Institution
4. Question and Answer Guide
5. Banking Services
6. Loan Customers
7. Possible Claims Against the Failed Institution
8. Purchase and Assumption Agreement (3.2 MB PDF File - PDF Help)
9. National Bank of Commerce Contact Information 
10. Balance Sheet Summary

The FDIC has assembled useful information regarding your relationship with this institution.  Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution.  The FDIC has compiled the following information which should answer many of your questions.

Your transferred deposits will be separately insured from any accounts you may already have at Republic Bank of Chicago for six months after the failure of National Bank of Commerce. Checks that were drawn on National Bank of Commerce that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.  You may speak to an FDIC representative regarding deposit insurance by calling: 1-800-760-3641 or visit EDIE the FDIC's Electronic Deposit Insurance Estimator.

EDIE - FDIC's Electronic Deposit Insurance Estimator

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Republic Bank of Chicago as long as the deposits are not pledged as collateral for loans. You may view more information about Republic Bank of Chicago by visiting their web site.

Republic Bank of Chicago (www.republicebank.com)

As of Saturday, January 17, 2009, you may continue to use the services to which you previously had access, such as, safe deposit boxes, etc.

Your checks will be processed as usual.  All outstanding checks will be paid against your available balance(s) as if no change had occurred.  Your new bank will contact you soon regarding any changes in the terms of your account.  If you have a problem with a merchant refusing to accept your check, please contact your branch office.  An account representative will clear up any confusion about the validity of your checks.

All interest accrued through Friday, January 16, 2009, will be paid at your same rate.  Republic Bank of Chicago will be reviewing rates and will provide further information soon.  You will be notified of any changes.

Your automatic direct deposit(s) and/or automatic withdrawal(s) will be transferred automatically to your new bank.  If you have any questions or special requests, you may contact a representative of your assuming institution at your branch office.

For all questions regarding new loans and the lending policies of Republic Bank of Chicago, please contact your branch office.

If you or your company provided a service or product, leased space, furniture, or equipment to the National Bank of Commerce after Friday, January 16, 2009 and have not been paid you do not have a claim against the National Bank of Commerce. Please follow your normal billing procedures by providing an invoice as instructed.

Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. If you or your company provided a service or product, leased space, furniture, or equipment to the National Bank of Commerce prior to Friday, January 16, 2009 and have not been paid you may be entitled to a claim against the bank. If you provided a product to or a service for the National Bank of Commerce prior to the bank's failure for which you have not been paid and you have not received communication, please contact the Federal Deposit Insurance Corporation at the address below.

Please note:  There are time limits for filing a claim, your claim must be filed on or before 04/22/2009.