New City Bank
Chicago, IL · Owner: New City Bcorp Inc
$71.2M
total assets, December 31, 2011
$71.2M
total assets, December 31, 2011
New City Bank was a state nonmember bank in Chicago, IL, owned by New City Bcorp Inc. It failed on Mar 9, 2012, and its insured deposits were paid out. At its last report it held $71.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2011
This bank failed
- Failed on
- Mar 9, 2012
- Assets
- $71.2M
- Deposits
- $72.4M
- Estimated cost
- $13.2M
- Deposits went to
- payout
Total assets
$71.2M
-22.3% in a year · -6.1% in a quarter
Deposits
$72.4M
-13.8% in a year · -1.4% in a quarter
Loans
$42.2M
-27.3% in a year · -6.8% in a quarter
Profit so far
-$9.2M
Jan 1 to Dec 31, 2011
Capital ratio
-2.38%
-10.19 pts in a year
Return on assets
-11.15%
-8.43 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 900 South Michigan Avenue, Chicago, IL, 60605
- County
- Cook
- Holding company
- New City Bcorp Inc
- Established
- Oct 16, 2003
- Failed
- Mar 9, 2012
- Employees
- 9
- Branches
- 1
- Id
- b57597
Quarter by quarter
December 31, 2003 to December 31, 2011
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 City Bank?
$71.2 million in total assets and $72.4 million in deposits as of December 31, 2011, with assets down 22.3% from a year before. Its loans were $42.2 million.
How many branches does New City Bank have?
1 branch in Illinois as of June 30, 2026.
Is New City Bank profitable?
No: it lost $9.17 million from January 1 to December 31, 2011. Its return on assets was -11.15% a year; about 1% is typical.
Who owns New City Bank?
New City Bank is owned by New City Bcorp Inc, its holding company.
When did New City Bank fail?
Mar 9, 2012. The estimated cost of the failure was $13.2 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.