GREENCHOICE BANK, FSB Failed 2014
What happened
GREENCHOICE BANK, FSB of CHICAGO, IL was closed on 2014-07-25. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to PROVIDENCE BANK, LLC (SOUTH HOLLAND, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4071
- FDIC Certificate
- 28462
- FDIC FIN
- 10505
- Bank name
- GREENCHOICE BANK, FSB
- Location
- CHICAGO, IL
- Failure date
- 2014-07-25
- FDIC resolution date
- 2014-07-25
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $69M
- Assets at failure
- $70M
- Acquiring bank
- PROVIDENCE BANK, LLC (SOUTH HOLLAND, IL)