# SECOND FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO

> **Failed bank** · CHICAGO, IL · failed 2012-07-20 · Savings bank · FDIC cost $86M

## What happened

SECOND FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO of CHICAGO, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $86M
- **Deposits at failure:** $172M
- **Assets at failure:** $191M
- **Acquiring bank:** HINSDALE BANK & TRUST COMPANY (HINSDALE, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SECOND%20FEDERAL%20SAVINGS%20AND%20LOAN%20ASSOCIATION%20OF%20CHICAGO

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECOND FEDERAL SAVINGS AND LOAN ASSOCIATION OF CHICAGO (FDIC ID 4017), failed 2012-07-20. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/4017.

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