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What happened to Gateway National Bank of Chicago?
Gateway National Bank of Chicago in Chicago, IL failed, and Independence Bank of Chicago of Chicago, IL took it over on Jul 16, 1979. After 3 more changes of hands, what was Gateway National Bank of Chicago is today part of Providence Bank & Trust (South Holland, IL).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1957Gateway National Bank of Chicago opens in Chicago, IL
- Jul 16, 1979FAILEDGateway National Bank of Chicago failed, and Independence Bank of Chicago of Chicago, IL took it over.FDIC certificate 17710 ends; its business continues under certificate 19308. The FDIC's failure list dates the failure Jul 14, 1979.
- Mar 29, 1996MERGEDIndependence Bank of Chicago of Chicago, IL merged into South Shore Bank of Chicago of Chicago, IL.FDIC certificate 19308 ends; its business continues under certificate 15640.
- Aug 20, 2010FAILEDSouth Shore Bank of Chicago (by then renamed ShoreBank) of Chicago, IL failed, and Urban Partnership Bank of Chicago, IL took it over.FDIC certificate 15640 ends; its business continues under certificate 59051.
- Jan 28, 2019MERGEDUrban Partnership Bank of Chicago, IL merged into Providence Bank & Trust of South Holland, IL.FDIC certificate 59051 ends; its business continues under certificate 57754.
- TodayOPEN
Providence Bank & TrustMain office South Holland, IL · FDIC certificate 57754 · 16 offices in 2 states on June 30, 2026Every Providence Bank & Trust office → Website on file with the FDIC: www.providence.bank
If you still have something from Gateway National Bank of Chicago
A lien that was never released
Gateway National Bank of Chicago failed on Jul 14, 1979. For a failed bank placed in FDIC receivership, the FDIC may be able to issue the lien release, if the loan was paid off to the bank before it failed or to the FDIC afterward. The FDIC says that where a failed bank had an acquirer, its records in most cases went to that acquirer. Here the chain from the acquirer leads to Providence Bank & Trust, which is worth asking too.
Requests go through the FDIC Information and Support Center with the recorded mortgage or title, and proof of payoff. The FDIC says to allow 30 business days once it has every document, and does not take requests by phone or email. Questions: FDIC Resolution Inquiries, 888-206-4662, 8am–4pm Central on weekdays.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Independence Bank of Chicago). Start with Providence Bank & Trust, and ask them to search under the name Gateway National Bank of Chicago.
This failure is older than the current federal rule on unclaimed deposits (mid-1993), so different rules apply. Search FDIC unclaimed funds search, search the unclaimed-property program of the state of the owner's last known address on the bank's records, and ask FDIC Resolution Inquiries at 888-206-4662 what applies to this institution.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask Providence Bank & Trust. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 17710 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.