# GEORGE WASHINGTON SAVINGS BANK

> **Failed bank** · ORLAND PARK, IL · failed 2010-02-19 · SI · FDIC cost $119M

## What happened

GEORGE WASHINGTON SAVINGS BANK of ORLAND PARK, IL was closed by state regulators on **2010-02-19**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **FIRSTMERIT BANK, NATIONAL ASSOCIATION** (AKRON, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3751
- **FDIC Certificate:** 29952
- **FDIC FIN:** 10184
- **Bank name:** GEORGE WASHINGTON SAVINGS BANK
- **Location:** ORLAND PARK, IL
- **Failure date:** 2010-02-19
- **FDIC resolution date:** 2010-02-19
- **Charter type:** SI
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $119M
- **Deposits at failure:** $395M
- **Assets at failure:** $414M
- **Acquiring bank:** FIRSTMERIT BANK, NATIONAL ASSOCIATION (AKRON, OH)

## Other banks FIRSTMERIT BANK, NATIONAL ASSOCIATION has acquired in FDIC resolutions

- MIDWEST BANK AND TRUST COMPANY (ELMWOOD PARK, IL) — failed 2010-05-14 — /failed-bank/3802

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GEORGE%20WASHINGTON%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GEORGE WASHINGTON SAVINGS BANK (FDIC ID 3751), failed 2010-02-19. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/3751.

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