Bank failure · IL
Waukegan Savings Bank (Waukegan, IL) — failed August 3, 2012
Waukegan Savings Bank of Waukegan, Illinois was closed on August 3, 2012 and resolved through a purchase and assumption. First Midwest Bank (IL) took over its insured deposits. At failure it held $83.7M in assets and $73.0M in deposits. The FDIC's estimated loss on the failure is $23.5M (28.1% of assets).
- Closing date
- August 3, 2012
- FDIC certificate #
- 28243
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Midwest Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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