Covest Banc

Status:Inactive as of 02/14/2004
 Merger - Without Assistance
Successor Bank:First Midwest Bank
Headquarters:Covest Banc
749 Lee Street
Des Plaines, IL 60016
Established:07/01/1934
FDIC Insurance:10/26/1934
FDIC Cert:#29008
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$586,291,000
Total Deposits:$471,090,000

History

1934-07-01Institution established: Original name:First Federal Savings and Loan Association of Des Plaines
1990-10-31Changed name to First Federal Bank For Savings
1990-10-31Changed organization type to MUTUAL SAVINGS BANK
1992-06-30Changed organization type to STOCK SAVINGS BANK
1997-06-05Changed name to Covest Banc, FSB
1997-08-01Changed organization type to COMMERCIAL BANK
1997-08-01Changed name to Covest Banc, National Association
1997-08-01Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2004-02-14Merged into and subsequently operated as part of First Midwest Bank (3709) in ITASCA, IL
2006-05-13Acquired Bank Calumet National Association (9644) in HAMMOND, IN
2009-10-23Acquired First Dupage Bank (35038) in WESTMONT, IL as part of a government assisted transaction.
2010-04-23Acquired Peotone Bank and Trust Company (10888) in PEOTONE, IL as part of a government assisted transaction.
2010-08-13Acquired Palos Bank and Trust Company (17599) in PALOS HEIGHTS, IL as part of a government assisted transaction.
2012-08-03Acquired Waukegan Savings Bank (28243) in WAUKEGAN, IL as part of a government assisted transaction.
2014-12-06Acquired Great Lakes Bank, National Association (3610) in BLUE ISLAND, IL
2015-12-05Acquired The Peoples' Bank of Arlington Heights (35195) in ARLINGTON HEIGHTS, IL
2016-03-12Acquired The National Bank & Trust Company of Sycamore (10036) in SYCAMORE, IL
2017-02-04Acquired Standard Bank and Trust Company (16606) in HICKORY HILLS, IL
2018-05-07Moved bank headquarters from ITASCA, IL to CHICAGO, IL
2018-12-07Acquired Norstates Bank (18626) in WAUKEGAN, IL
2019-05-11Acquired Bridgeview Bank Group (21122) in BRIDGEVIEW, IL
2020-06-13Acquired Park Bank (26218) in MILWAUKEE, WI

Financial Information (2003-12-31 and Older)