WASHINGTON NAT BK OF CHICAGO Failed 1984
What happened
WASHINGTON NAT BK OF CHICAGO of CHICAGO, IL was closed on 1984-05-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANCO POPULAR DE PUERTO (SAN JUAN, PR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 882
- FDIC Certificate
- 22568
- FDIC FIN
- 2390
- Bank name
- WASHINGTON NAT BK OF CHICAGO
- Location
- CHICAGO, IL
- Failure date
- 1984-05-18
- FDIC resolution date
- 1984-05-18
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $14M
- Assets at failure
- $14M
- Acquiring bank
- BANCO POPULAR DE PUERTO (SAN JUAN, PR)
Other banks BANCO POPULAR DE PUERTO acquired in FDIC resolutions