BEN FRANKLIN BANK OF ILLINOIS

  • Bank Name:Ben Franklin Bank of Illinois
  • Bank Class:Savings & Loan Association
  • FDIC ID:Certificate #28384 - Inactive
  • FED RSSD ID:#462774 - Inactive
Headquarters:830 East Kensington Road, Arlington Heights, Illinois 60004
Bank is inactive as of September 30, 2020
Ben Franklin Bank of Illinois was closed.

HISTORY OF BEN FRANKLIN BANK OF ILLINOIS

Ben Franklin Bank of Illinois was established in January 1893 and headquartered in Arlington Heights, Illinois. The bank operated as a subsidiary of Ben Franklin Financial, Inc.. Ben Franklin Bank of Illinois was classified as a savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS). Ben Franklin Bank of Illinois was closed on September 30, 2020 and is no longer in operation.

Below is a list of some important events in banks history, including mergers and acquisitions.

DATEEVENT

1893-01-01 -Institution established. Original name: Douglas Savings and Loan Association.

1989-09-27 -Changed Institution Name to Douglas Savings Bank.

1993-07-22 -Changed Organization Type to Mutual Savings Bank.

1998-04-30 -Changed Institution Name to Ben Franklin Bank of Illinois.

1998-05-12 -Changed Chartering Agency to Ots.

1998-05-12 -Changed Primary Federal Regulatory Agency to Ots.

2006-10-18 -Changed Organization Type to Stock Savings Bank.

2007-12-18 -Main Office moved to 830 East Kensington Road, Arlington Heights, IL 60004.

2011-07-21 -Changed Primary Federal Regulatory Agency to Occ.

2014-06-25 -Changed Organization Type to Mutual Savings Bank.

2020-09-30 -Voluntarily relinquished FDIC insurance.

2020-09-30 -Changed Chartering Agency to State.

2020-09-30 -Changed Bank Class to Non-FDIC Insured Thrifts.

2020-09-30 -Changed Primary Federal Regulatory Agency to State.

2020-09-30 -Closed voluntarily and liquidated its assets.

2020-09-30 -Voluntarily relinquished FDIC insurance.

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