WAUKEGAN SAVINGS BANK Failed 2012
What happened
WAUKEGAN SAVINGS BANK of WAUKEGAN, IL was closed on 2012-08-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST MIDWEST BANK (ITASCA, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4022
- FDIC Certificate
- 28243
- FDIC FIN
- 10456
- Bank name
- WAUKEGAN SAVINGS BANK
- Location
- WAUKEGAN, IL
- Failure date
- 2012-08-03
- FDIC resolution date
- 2012-08-03
- Charter type
- SI
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $73M
- Assets at failure
- $84M
- Acquiring bank
- FIRST MIDWEST BANK (ITASCA, IL)
Other banks FIRST MIDWEST BANK acquired in FDIC resolutions