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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Question and Answer Guide

National Bank of Commerce, Berkeley, IL

FDIC Call Center
Toll free number 1-800-760-3641
Hours of Operation - Central Time
Friday, January 16: Until 9:00 p.m.
Saturday, January 17: 9:00 a.m. – 6:00 p.m.
Sunday, January 18: Noon – 6:00 p.m.
Thereafter: 8:00 a.m. – 8:00 p.m.

Account(s): What about my account with National Bank of Commerce?

All deposit accounts, which include Checking, Savings, Money Market, CDs and Retirements accounts have been transferred to Republic Bank of Chicago, Oak Brook, IL, regardless of the dollar amount. Your deposits will be available for business as usual at your former National Bank of Commerce branches starting on Saturday, January 17, 2009. No one lost any money on deposit in National Bank of Commerce.

If you had an account with National Bank of Commerce, you now have an account with Republic Bank of Chicago.

Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any scams to obtain information from you.

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ATM/Debit Card/Checks: What about my ATM/debit card and/or bill paying with National Bank of Commerce?

Your ATM/debit card will continue to work, and bill paying will work as it has in the past.

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Brokered Deposits/Deposit Broker: I am a deposit broker or have brokered deposits. What do I do?

The total of all deposit accounts, including brokered deposits, have been assumed by Republic Bank of Chicago.

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Direct Deposits, Social Security: What will happen to my direct deposits?

Direct Deposits will continue as normal, including Social Security checks.

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Account Insurance Status: Is my account fully insured? I already have other deposit accounts with the new bank. When combined with balances at this bank, my deposits exceed $250,000. Are all funds insured?

The accounts transferred to Republic Bank of Chicago will be separately insured for at least six months after the merger. This grace period gives a depositor the opportunity to restructure the accounts, if necessary.

CDs from the failed bank are separately insured until the earliest maturity date after the end of the six-month grace period.

CDs that mature during the six-month period and are renewed for the same term and in the same dollar amount (either with or without accrued interest) continue to be separately insured until the first maturity date after the six-month period.

If a CD matures during the six-month grace period and is renewed on any other basis, it would be separately insured only until the end of the six-month grace period.

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Interest: Will I continue to earn interest at the same rate? Will I be charged an early withdrawal penalty?

Republic Bank of Chicago will be reviewing rates and will notify you.

You may withdraw funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with your new bank. Entering into a new deposit agreement can be done by either renewing your CD or making a deposit to, or a withdrawal from, your account.

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Loan/ Mortage: What about my loan or mortgage with National Bank of Commerce?

All mortgages and loans have been assumed by Republic Bank of Chicago. Your payment amount and due date are the same. If you are having your payment deducted from your account, it will continue as it has in the past. You should continue to make your checks payable to National Bank of Commerce and send your payments to the same address.

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Loan in Process: What happens if I had a loan in process that had not closed or a line of credit not fully funded?

You should contact your loan officer. All prior contacts remain the same.

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Media: I represent a TV/Newspaper/Radio and would like some information.

Please contact the Office of Public Affairs:

LaJuan Williams-Young
202-898-3876 (office)

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Checks: What about checks that I have written on my account with National Bank of Commerce?

Your checks will clear up to the available balance in your account. You can continue to use your existing checks.

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Safe Deposit Box: How can I claim the contents of my safe deposit box?

It is business as usual. You can go to your local branch and access your safe deposit box; however, no action on your part is required because of this transaction.

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Shares of Stock: What about my shares of stock, notes or subordinated notes that I own in National Bank of Commerce?

On January 16, 2009, National Bank of Commerce was closed by the Office of the Comptroller of the Currency. The Federal Deposit Insurance Corporation (FDIC) was then named Receiver. Subsequent to the closure, Republic Bank of Chicago acquired the assets and most of the liabilities of National Bank of Commerce from the FDIC as Receiver for National Bank of Commerce. Any claims by equity holders were not acquired.

There was no publicly owned stock in National Bank of Commerce. If you are an equity shareholder, your shares are in Commerce Bancorp, Inc., Berkeley, IL, the holding company for National Bank of Commerce, and not the institution. Commerce Bancorp, Inc. and the interests of equity, debt holders or other creditors of Commerce Bancorp, Inc. are not included in the closure or receivership of the institution. Please contact Commerce Bancorp, Inc. directly for information:

Commerce Bancorp, Inc.
5500 St. Charles Road
Berkeley, IL 60163

All claims against National Bank of Commerce, together with proof of the claims, must be submitted in writing to the Receiver at the following address:

FDIC as Receiver of National Bank of Commerce
1601 Bryan Street
Dallas, TX 75201
Attention: Claims Agent

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All-Deposit Transfer versus Insured Deposit Transfer: Why do all deposits, insured and uninsured, pass in some transactions but not in others?

The FDIC is required by law to employ the least-cost resolution measure for each failed financial institution. The most frequent result is for the FDIC to transfer only the insured deposits in a merger transaction. The FDIC has been able to transfer all deposits in about 25% of the failures over the past 15 years.

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SCAMS: Be watchful for and resistant to any scams to obtain information from you by individuals or entities stating that they are acting on behalf of either the failed bank, new bank, or the FDIC. Should you be contacted by anyone requesting personal information from you related to this event, please contact the call center above and you will be directed to the appropriate person.

For more information: www.fdic.gov/bank/individual/failed/commerce.html

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