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Waukegan Savings Bank, Waukegan, IL, Closed By Regulators

August 3, 2012 By Problem Bank List Staff Leave a Comment

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 […]

Filed Under: Bank Failure, Banking News, Failed Banks, FDIC, featured Tagged With: bank failure, banking failure, banking industry, Banking News, consent order, failed bank, FDIC, First Midwest Bancorp, First Midwest Bank, Waukegan Savings Bank

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