by Calculated Risk on 5/16/2014 07:18:00 PM

From the FDIC: Republic Bank of Chicago, Oak Brook, Illinois, Assumes All of the Deposits of AztecAmerica Bank, Berwyn, Illinois

As of December 31, 2013, AztecAmerica Bank had approximately $66.3 million in total assets and $65.0 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $18.0 million. ... AztecAmerica Bank is the seventh FDIC-insured institution to fail in the nation this year, and the second in Illinois.

The FDIC is back to work! At the current pace, the number of failures this year will be the lowest since 2007 (when 3 banks failed).