SECOND FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO Failed 2012
What happened
SECOND FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO of CHICAGO, IL was closed on 2012-07-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HINSDALE BANK & TRUST COMPANY (HINSDALE, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4017
- FDIC Certificate
- 27986
- FDIC FIN
- 10453
- Bank name
- SECOND FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO
- Location
- CHICAGO, IL
- Failure date
- 2012-07-20
- FDIC resolution date
- 2012-07-20
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $86M
- Deposits at failure
- $172M
- Assets at failure
- $191M
- Acquiring bank
- HINSDALE BANK & TRUST COMPANY (HINSDALE, IL)