LINCOLN PARK SAVINGS BANK Failed 2010
What happened
LINCOLN PARK SAVINGS BANK of CHICAGO, IL was closed on 2010-04-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NORTHBROOK BANK AND TRUST COMPANY (NORTHBROOK, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3787
- FDIC Certificate
- 30600
- FDIC FIN
- 10221
- Bank name
- LINCOLN PARK SAVINGS BANK
- Location
- CHICAGO, IL
- Failure date
- 2010-04-23
- FDIC resolution date
- 2010-04-23
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $38M
- Deposits at failure
- $163M
- Assets at failure
- $195M
- Acquiring bank
- NORTHBROOK BANK AND TRUST COMPANY (NORTHBROOK, IL)
Other banks NORTHBROOK BANK AND TRUST COMPANY acquired in FDIC resolutions