Complete Story
07/28/2014
Regulators Close Illinois Bank
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Regulators closed GreenChoice Bank, fsb, in Chicago and entered a purchase-and-assumption agreement with Providence Bank, LLC, in South Holland, Ill. As of March 31, GreenChoice had approximately $72.9 million in total assets and $71.0 million in total deposits. The FDIC estimates that the cost to the Deposit Insurance Fund will be $14.2 million. GreenChoice is the 14th FDIC-insured institution to fail in the nation this year. |