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Republic Bank of Chicago- News and Events
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For Immediate Release:
June 5, 2009
Republic Bank of Chicago announces the acquisition of
Bank of Lincolnwood in Lincolnwood, IL.
Oak Brook, Illinois, June 6, 2009 – On June 5, 2009, Republic Bank of Chicago, headquartered in Oak Brook, Illinois, purchased all insured and uninsured deposits and certain loans from the Bank of Lincolnwood with 2 locations in the Lincolnwood market. Serving greater Chicagoland, Republic Bank is “well capitalized” by regulatory standards with capital over $120 million. In addition to Republic Bank’s 12 other banking centers, the two newly acquired locations in Lincolnwood, IL will be open as Republic Bank for normal business hours Saturday morning.
Republic Bank Chairman, Aristotle Halikias remarked, “We have been recognized as a strong community bank for over 40 years, proudly providing unsurpassed customer service with product ingenuity. We are excited to be a part of these vibrant communities, and we look forward to getting to know our new friends and customers.”
After the completion of the transaction Republic Bank will have 14 banking centers across Chicago and the suburbs. Convergence of the two banking systems is expected to take place by the end of October. “We want our new customers to understand that their insured and uninsured deposits are safe and covered. They can continue to bank as usual at the Lincolnwood locations. Once the system integration is complete, all of our customers will be able to bank at any of our 14 locations, on our website, and within our ATM network that includes over 32,000 ATM’s,” added William Sperling, Vice Chairman, CEO and President.
Mr. Sperling also indicated that even though we are in tough economic times, Republic Bank will be preserving jobs, and they remain fully committed to continually providing outstanding customer service to all of their customers in every community.
Questions regarding this acquisition can be directed to William Sperling, Vice Chairman, CEO and President of Republic Bank at 630.570.7700.
For Immediate Release: January 16, 2009
Republic Bank of Chicago announces the acquisition of
National Bank of Commerce in Berkeley and Addison, IL.
Oak Brook, Illinois, January 16, 2009 – On January 16, 2009, Republic Bank of Chicago, headquartered in Oak Brook, Illinois, acquired all insured and uninsured deposits and loans of National Bank of Commerce with locations in Berkeley and Addison, Illinois. Serving greater Chicagoland, Republic Bank is “well capitalized” by regulatory standards with capital over $100 million. In addition to Republic Bank’s 10 other banking centers, the two newly acquired locations in Berkeley and Addison will be open as Republic Bank for normal business hours Saturday morning.
Republic Bank Chairman, Aristotle Halikias remarked, “We have been recognized as a strong community bank for over 40 years, proudly providing unsurpassed customer service with product ingenuity. We are excited to be a part of these vibrant communities, and we look forward to getting to know our new friends and customers.”
After the completion of the transaction Republic Bank will have 12 banking centers across Chicago and the suburbs. Convergence of the two banking systems is expected to take place within several months. “We want our new customers to understand that their insured and uninsured deposits are safe and covered. They can continue to bank as usual at the Berkeley and Addison locations. Once the system integration is complete all of our customers will be able to bank at any of our 12 locations, our website, and our ATM network that includes over 32,000 ATM’s,” added William Sperling, Vice Chairman, CEO and President.
Mr. Sperling also indicated that even though we are in tough economic times, Republic Bank will be preserving jobs, and they remain fully committed to continually providing outstanding customer service to all of their customers in every community.
Questions regarding this acquisition can be directed to William Sperling, Vice Chairman, CEO and President of Republic Bank at 630.570.7700.
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About Republic Bank
Republic Bank is a
$1.3 billion full service community bank headquartered in Oak Brook, Ill.
Republic Bank was founded in 1964 on Chicago’s southwest side,
near Midway Airport. Republic
Bank has twelve full service
Branches located in the cities of
Chicago, Darien, Hodgkins, Naperville, Oak Brook, Orland Park, Addison, Berkeley and Palos
Park.
To learn more about Republic Bank, you can click here.
For locations and hours of operation for any of our
Branches,
click here.
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