Waukegan Savings Bank, Waukegan, IL, Closed By Regulators

Waukegan Savings Bank, Waukegan, IL, a small commercial bank, was closed today by state regulators and the FDIC was named as receiver.  The FDIC sold the failed bank to First Midwest Bank, Itasca, IL, in order to protect depositors. Waukegan Savings Bank was established in 1924 and had two branches.  Both branches of the failed […]