New Century Bank
Chicago, IL · Owner: NCB Holdings Inc
$447M
total assets, March 31, 2010
$447M
total assets, March 31, 2010
New Century Bank was a state nonmember bank in Chicago, IL, owned by NCB Holdings Inc. It failed on Apr 23, 2010, and MB Financial Bank, National Association took over its deposits. At its last report it held $447.2 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 23, 2010
- Assets
- $447M
- Deposits
- $439M
- Estimated cost
- $132M
- Deposits went to
- MB Financial Bank, National Association, Chicago, IL
Total assets
$447M
-7.3% in a year · -12.3% in a quarter
Deposits
$439M
-0.5% in a year · -10.8% in a quarter
Loans
$416M
-8.3% in a year · -2.1% in a quarter
Profit so far
-$9.5M
Jan 1 to Mar 31, 2010
Capital ratio
0.91%
-6.66 pts in a year
Return on assets
-7.96%
-7.76 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 363 West Ontario Street, Chicago, IL, 60610
- County
- Cook
- Holding company
- NCB Holdings Inc
- Established
- Jan 11, 1999
- Failed
- Apr 23, 2010
- Employees
- 66
- Branches
- 3
- Id
- b34821
Quarter by quarter
March 31, 1999 to March 31, 2010
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is New Century Bank?
$447.2 million in total assets and $439.0 million in deposits as of March 31, 2010, with assets down 7.3% from a year before. Its loans were $415.7 million.
How many branches does New Century Bank have?
3 branches in Illinois as of June 30, 2026.
Is New Century Bank profitable?
No: it lost $9.52 million from January 1 to March 31, 2010. Its return on assets was -7.96% a year; about 1% is typical.
Who owns New Century Bank?
New Century Bank is owned by NCB Holdings Inc, its holding company.
When did New Century Bank fail?
Apr 23, 2010. MB Financial Bank, National Association of Chicago, IL took over its deposits. The estimated cost of the failure was $132.1 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.