# GREENCHOICE BANK, FSB

> **Failed bank** · CHICAGO, IL · failed 2014-07-25 · Savings bank · FDIC cost $18M

## What happened

GREENCHOICE BANK, FSB of CHICAGO, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $18M
- **Deposits at failure:** $69M
- **Assets at failure:** $70M
- **Acquiring bank:** PROVIDENCE BANK, LLC (SOUTH HOLLAND, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GREENCHOICE%20BANK%2C%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GREENCHOICE BANK, FSB (FDIC ID 4071), failed 2014-07-25. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/4071.

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