2017 FDIC Insured Failed Banks |
December 15, 2017: Washington Federal Bank For Savings, Chicago, IL was
closed by the Office of the Comptroller of the Currency. The FDIC was
appointed Receiver. Successor Bank: The insured balance of all non-brokered deposit accounts have been transferred to Royal Savings Bank, Chicago, IL.
Royal Savings Bank History:
1913:
Established as WASHINGTON SAVINGS AND LOAN ASSOCIATION OF CHICAGO
► Depositors must establish
contact or the successor bank or the FDIC to reclaim their deposits.
► Not every depositor in a failed bank will receive notification from the
FDIC, and there are time limits on claims of FDIC-insured bank accounts,
CDs and safe deposit boxes. By law, accounts which go unclaimed for an
extended period may be time barred, and safe deposit boxes can be drilled
and the contents sold at auction. ► Additionally, accounts transferred to
successor institutions may have lower interest rates and can lose
insurance coverage. ► It is important to understand
you may have an account at a failed institution and not know it,
either because you were a depositor at a bank acquired by an institution
that subsequently failed, or if you or a deceased family member are the
beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search |
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WASHINGTON FEDERAL BANK FOR
SAVINGS 2869 SOUTH ARCHER CHICAGO, IL 60608 |
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Established as Washington Savings & Loan Association of Chicago |
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Cost to FDIC: $61 million |
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