State Bank of Texas had a remarkable 2014. In October, we assumed all of the deposits of the National Republic Bank of Chicago (NRB), acquiring them by entering into a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC). With this move, State Bank of Texas acquired approximately $954.4 million in total assets and $915.3 million in total deposits. In addition to assuming all of the deposits of The National Republic Bank of Chicago, State Bank of Texas […]
Category: Banks and Banking
State Bank of Texas Acquires National Republic Bank of Chicago
I’m very pleased to report that this past week, the State Bank of Texas acquired the National Bank of Chicago. This acquisition now positions the State Bank of Texas as the largest Indian-American-owned bank in the United States! Additional details: