Bank failure · IL
Greenchoice Bank, FSB (Chicago, IL) — failed July 25, 2014
Greenchoice Bank, FSB of Chicago, Illinois was closed on July 25, 2014 and resolved through a purchase and assumption. Providence Bank, Llc (IL) took over its insured deposits. At failure it held $70.3M in assets and $68.7M in deposits. The FDIC's estimated loss on the failure is $18.4M (26.2% of assets).
- Closing date
- July 25, 2014
- FDIC certificate #
- 28462
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Providence Bank, Llc
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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