George Washington Savings Bank

Status:Inactive as of 2010-02-19
 Absorption - Assisted
Successor Bank:Firstmerit Bank
Headquarters:George Washington Savings Bank
14701 South La Grange Road
Orland Park, IL 60462
Established:1890-01-01
FDIC Insurance:1951-08-20
FDIC Cert:#29952
Charter Class:Savings banks, state charter, supervised by the FDIC
# of Branches:4
Total Assets:$413,673,000
Total Deposits:$395,310,000

History

1890-01-01Institution established: Original name:George Washington Savings and Loan Association
1993-12-15Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1993-12-15Changed name to George Washington Savings Bank
1993-12-15Changed organization type to STOCK SAVINGS BANK
1994-03-07Change trust powers from FULL TRUST POWERS GRANTED to TRUST POWERS TERMINATED
1997-11-28Reorganized.
2006-12-04Moved bank headquarters from OAK LAWN, IL to ORLAND PARK, IL
2010-02-19Failed. Acquired with government financial assistance and subsequently operated as part of Firstmerit Bank, National Association (13675)
2010-05-14Acquired Midwest Bank and Trust Company (18117) in ELMWOOD PARK, IL as part of a government assisted transaction.
2013-04-12Acquired Citizens Bank (986) in FLINT, MI
2016-08-16Merged into and subsequently operated as part of The Huntington National Bank (6560) in COLUMBUS, OH

Financial Information (2009-12-31 and Older)