Bank failure · IL
George Washington Savings Bank (Orland Park, IL) — failed February 19, 2010
George Washington Savings Bank of Orland Park, Illinois was closed on February 19, 2010 and resolved through a purchase and assumption. Firstmerit Bank, National Association (OH) took over its insured deposits. At failure it held $413.7M in assets and $395.3M in deposits. The FDIC's estimated loss on the failure is $118.9M (28.7% of assets).
- Closing date
- February 19, 2010
- FDIC certificate #
- 29952
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Firstmerit Bank, National Association
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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