Covenant Bank
Status: | Inactive as of 02/15/2013 |
Absorption - Assisted | |
Successor Bank: | Liberty Bank and Trust Company |
Headquarters: | Covenant Bank 1111 South Homan Avenue Chicago, IL 60624 |
Established: | 06/20/1977 |
FDIC Insurance: | 06/20/1977 |
FDIC Cert: | #22476 |
Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
Total Assets: | $58,422,000 |
Total Deposits: | $54,202,000 |
History
1977-06-20 | Institution established: Original name:Community Bank of Lawndale | |
2008-05-28 | Changed name to Covenant Bank | |
2013-02-15 | Failed. Acquired with government financial assistance and subsequently operated as part of Liberty Bank and Trust Company (20856) | |
2015-03-16 | Acquired First Tuskegee Bank (33519) in TUSKEGEE, AL | |
2020-04-22 | Acquired Metro Bank (34308) in LOUISVILLE, KY | |
2020-04-22 | Moved bank headquarters from CHICAGO, IL to New Orleans, LA | |
2021-10-08 | Acquired Tri-State Bank of MemphisLiberty Bank and Trust Company (16511) in MEMPHIS, TN. |