Ludington Savings Bank, FSB

Status:Inactive as of 05/17/1991
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Ludington Federal Savings Bank
Headquarters:Ludington Savings Bank, FSB
101 E Court Street
Ludington, MI 49431
Established:10/01/1936
FDIC Insurance:08/09/1989
FDIC Cert:#29795
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$34,190,000
Total Deposits:$33,661,000

History

1936-10-01Institution established: Original name:Ludington Federal Savings and Loan Association
1988-02-29Changed organization type to MUTUAL SAVINGS BANK
1988-02-29Changed name to Ludington Savings Bank FSB
1991-05-17Institution established: Original name:Ludington Federal Savings Bank (33412)
1991-05-17Failed, went into receivership, and then became part of Ludington Federal Savings Bank (33412)
1991-05-17Placed into government conservatorship.
1992-02-07Acquired after government financial assistance and subsequently operated as part of Northwestern Savings Bank and Trust (30792)
1992-02-07Government conservatorship or bridge bank resolved.
1994-09-21Changed name to Northwestern Savings Bank & Trust, FSB (30792)
1994-09-21Changed organization type to STOCK SAVINGS BANK
1996-12-01Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
1996-12-01Changed name to Northwestern Savings Bank & Trust (30792)
2001-01-01Moved bank headquarters from LUDINGTON, MI to TRAVERSE CITY, MI
2002-07-01Changed name to Northwestern Bank (30792)
2014-11-01Merged into and subsequently operated as part of Chemical Bank (1003) in MIDLAND, MI
2015-05-11Acquired Monarch Community Bank (29069) in COLDWATER, MI
2015-11-14Acquired The Bank of Northern Michigan (35324) in PETOSKEY, MI
2015-11-14Acquired The Bank of Holland (34862) in HOLLAND, MI
2016-11-11Acquired Talmer Bank and Trust (58132) in TROY, MI
2018-08-03Moved bank headquarters from MIDLAND, MI to DETROIT, MI
2019-08-01Merged into and subsequently operated as part of TCF National Bank (28330) in SIOUX FALLS, SD
2021-06-09Merged into and subsequently operated as part of The Huntington National Bank (6560)
2021-06-09Merged into and subsequently operated as part of The Huntington National Bank (6560)