American Security Federal Savings and Loan Association

Status:Inactive as of 06/19/1990
 Pass Through Receivership Merger
Conservatorship Institution Resolved
Successor Bank:Marquette Bank
Headquarters:American Security Federal Savings and Loan Association
2700 West 59th Street
Chicago, IL 60629
Established:01/01/1924
FDIC Insurance:12/26/1950
FDIC Cert:#27681
Charter Class:
Total Assets:$32,813,000
Total Deposits:$38,575,000

History

1924-01-01Institution established: Original name:American Security Federal Savings and Loan Association
1989-03-16Placed into government conservatorship.
1990-06-19Acquired after government financial assistance and subsequently operated as part of Marquette National Bank (16250)
1990-06-19Government conservatorship or bridge bank resolved.
1990-10-26Acquired Summit First Savings and Loan Association, F.A. (33101) in SUMMIT, IL
1995-07-14Changed from the Savings Association Insurance Fund to the Bank Insurance Fund.
1995-07-14Acquired Huntington Federal Savings Bank of Illinois (33864) in CHICAGO, IL
1996-10-05Acquired Orland State Bank (9082) in ORLAND PARK, IL
2001-06-30Changed institution class to INSURED COMMERCIAL OR SAVINGS BANKS, STATE, MEMBERS FRS
2001-06-30Changed name to Marquette Bank (16250)
2001-06-30Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL RESERVE BOARD
2006-10-20Acquired Hemlock Federal Bank for Savings (29386) in OAK FOREST, IL