South Central Bank

Status:Inactive as of 01/10/2020
 Other Liquidations and Closings
Change in Insurance Status
Headquarters:South Central Bank
525 West Roosevelt Road
Chicago, IL 60607
Established:01/10/1966
FDIC Insurance:01/10/1966
FDIC Cert:#19536
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$278,963,000
Total Deposits:$218,654,000

History

1966-01-10Institution established: Original name:South Central Bank
1970-02-11Changed name to South Central Bank and Trust Company of Chicago
1996-12-31Reorganized.
1998-01-14Change trust powers from FULL TRUST POWERS GRANTED to TRUST POWERS TERMINATED
2003-07-01Changed primary regulatory agency from FEDERAL DEPOSIT INSURANCE CORPORATION to COMPTROLLER OF THE CURRENCY
2003-07-01Changed name to South Central Bank, National Association
2003-07-01Changed institution class to INSURED COMMERCIAL BANK, NATIONAL, MEMBER FRS
2003-07-01Change trust powers from TRUST POWERS TERMINATED to FULL TRUST POWERS GRANTED
2020-01-10Closed voluntarily and liquidated its assets.

Financial Information (2019-12-31 and Older)