# WASHINGTON FEDERAL BANK FOR SAVINGS

> **Failed bank** · CHICAGO, IL · failed 2017-12-15 · Savings bank · FDIC cost $75M

## What happened

WASHINGTON FEDERAL BANK FOR SAVINGS of CHICAGO, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $75M
- **Deposits at failure:** $144M
- **Assets at failure:** $166M
- **Acquiring bank:** ROYAL SAVINGS BANK (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=WASHINGTON%20FEDERAL%20BANK%20FOR%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WASHINGTON FEDERAL BANK FOR SAVINGS (FDIC ID 4096), failed 2017-12-15. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/4096.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*