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Bank Failures

Failed Bank Information for Second Federal Savings and Loan Association of Chicago, Chicago, IL

On Friday, July 20, 2012, Second Federal Savings and Loan Association of Chicago was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. Hinsdale Bank & Trust Company, Hinsdale, IL acquired all deposit accounts.

The FDIC as Receiver for Second Federal Savings and Loan Association of Chicago, Chicago, IL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on July 26, 2017 and has made all dividend distributions required by law.

Effective December 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: December 1, 2017
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Notice of Intent to Terminate

Publication Date: July 26, 2017
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: HINSDALE BANK & TRUST COMPANY

About Hinsdale Bank & Trust Company

All deposit accounts, including brokered deposits, were transferred to Hinsdale Bank & Trust Company, Hinsdale, IL ("assuming institution"). Former Second Federal Savings and Loan Association of Chicago locations reopened as branches of Hinsdale Bank & Trust Company.

Your transferred deposits were separately insured from any accounts you may have already had at Hinsdale Bank & Trust Company for at least six months after the failure of Second Federal Savings and Loan Association of Chicago.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Hinsdale Bank & Trust Company as long as the deposits are not pledged as collateral for loans.

Contacting Hinsdale Bank & Trust Company

You can contact Hinsdale Bank & Trust Company:

Hinsdale Bank & Trust Company
25 East First Street
Hinsdale,IL 60521

Transaction Documentation

Purchase & Assumption Agreement - PDF (3.98 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: May 21, 2024