Find an Unclaimed Savings Account, IRA or CD at an FDIC Insured Bank

New City Bank - Chicago, IL
 

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Lost bank account, lost safe deposit box and missing CD search -  New City Bank Illinois

March 9, 2012: New City Bank, Chicago, IL was closed by the Illinois Department of Financial and Professional Regulation Division of Banking. The Federal Deposit Insurance Corporation was named receiver.

There is no successor bank. All accounts were closed and the FDIC approved the payout on insured deposits. Principal and interest on insured accounts, through Friday, March 9, are fully insured by the FDIC, up to the insurance limit of $250,000. Certain entitlements and different types of accounts can be insured for more than the $250,000 limit. IRA funds are insured separately from other types of accounts, up to a $250,000 limit.

History:

Est. in 2003 as New City Bank
 

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed IRA, CD and Savings Account Search

 

 

 

2012 FDIC Insured Failed Banks
 
 
 
 
New City Bank
900 South Michigan Avenue
Chicago, IL 60605
 
 

Established
as
New City Bank
 

 
 
 
 
Cost to FDIC: $ 17 million

 

 


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