Waukegan Savings Bank

Status:Inactive as of 08/03/2012
 Absorption - Assisted
Successor Bank:First Midwest Bank
Headquarters:Waukegan Savings Bank
1324 Golf Road
Waukegan, IL 60085
Established:01/01/1924
FDIC Insurance:08/09/1989
FDIC Cert:#28243
Charter Class:
Total Assets:$83,679,000
Total Deposits:$73,001,000

History

1924-01-01Institution established: Original name:Waukegan Savings and Loan Association
1995-12-22Changed organization type to MUTUAL SAVINGS BANK
1995-12-22Changed name to Waukegan Savings and Loan Savings Bank
1995-12-22Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to FEDERAL DEPOSIT INSURANCE CORPORATION
2007-09-26Changed name to Waukegan Savings Bank
2012-08-03Failed. Acquired with government financial assistance and subsequently operated as part of First Midwest Bank (3709)
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 WAUKEGAN, 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 (2012-06-30 and Older)