Bank failure · IL
Second Federal Savings and Loan Association of Chicago (Chicago, IL) — failed July 20, 2012
Second Federal Savings and Loan Association of Chicago of Chicago, Illinois was closed on July 20, 2012 and resolved through a purchase and assumption. Hinsdale Bank & Trust Company (IL) took over its insured deposits. At failure it held $190.9M in assets and $171.6M in deposits. The FDIC's estimated loss on the failure is $86.3M (45.2% of assets).
- Closing date
- July 20, 2012
- FDIC certificate #
- 27986
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Hinsdale Bank & Trust Company
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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