Bank failure · IL
Washington Federal Bank for Savings (Chicago, IL) — failed December 15, 2017
Washington Federal Bank for Savings of Chicago, Illinois was closed on December 15, 2017 and resolved through a purchase and assumption (insured deposits). Royal Savings Bank (IL) took over its insured deposits. At failure it held $166.3M in assets and $144.0M in deposits. The FDIC's estimated loss on the failure is $75.0M (45.1% of assets).
- Closing date
- December 15, 2017
- FDIC certificate #
- 30570
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Royal Savings Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials