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

1977-06-20Institution established: Original name:Community Bank of Lawndale
2008-05-28Changed name to Covenant Bank
2013-02-15Failed. Acquired with government financial assistance and subsequently operated as part of Liberty Bank and Trust Company (20856)
2015-03-16Acquired First Tuskegee Bank (33519) in TUSKEGEE, AL
2020-04-22Acquired Metro Bank (34308) in LOUISVILLE, KY
2020-04-22Moved bank headquarters from CHICAGO, IL to New Orleans, LA
2021-10-08Acquired Tri-State Bank of MemphisLiberty Bank and Trust Company (16511) in MEMPHIS, TN.

Financial Information (2012-12-31 and Older)