WASHINGTON FEDERAL BANK FOR SAVINGS Failed 2017
What happened
WASHINGTON FEDERAL BANK FOR SAVINGS of CHICAGO, IL was closed on 2017-12-15. The FDIC was named receiver.
Resolution: Payout / Insured deposits — FDIC paid insured deposits directly to depositors
Deposits were transferred to ROYAL SAVINGS BANK (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4096
- FDIC Certificate
- 30570
- FDIC FIN
- 10530
- Bank name
- WASHINGTON FEDERAL BANK FOR SAVINGS
- Location
- CHICAGO, IL
- Failure date
- 2017-12-15
- FDIC resolution date
- 2017-12-15
- Charter type
- Savings bank
- Resolution type
- Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- FDIC DIF cost (est.)
- $75M
- Deposits at failure
- $144M
- Assets at failure
- $166M
- Acquiring bank
- ROYAL SAVINGS BANK (CHICAGO, IL)