George Washington Savings Bank
Orland Park, IL · Owner: George Washington Bcorp Inc
$414M
total assets, December 31, 2009
$414M
total assets, December 31, 2009
George Washington Savings Bank was a state savings bank in Orland Park, IL, owned by George Washington Bcorp Inc. It failed on Feb 19, 2010, and Firstmerit Bank, National Association took over its deposits. At its last report it held $413.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Feb 19, 2010
- Assets
- $414M
- Deposits
- $395M
- Estimated cost
- $119M
- Deposits went to
- Firstmerit Bank, National Association, Akron, OH
Total assets
$414M
+2.0% in a year · -1.8% in a quarter
Deposits
$395M
+13.9% in a year · +2.8% in a quarter
Loans
$305M
-13.3% in a year · -10.7% in a quarter
Profit so far
-$29.4M
Jan 1 to Dec 31, 2009 · -1926.0% in a year
Capital ratio
2.75%
-7.23 pts in a year
Return on assets
-7.12%
-7.53 pts in a year
Facts
- Type
- State savings bank
- Head office
- 14701 South La Grange Road, Orland Park, IL, 60462
- County
- Cook
- Holding company
- George Washington Bcorp Inc
- Established
- Jan 1, 1890
- Failed
- Feb 19, 2010
- Employees
- 54
- Branches
- 4
- Id
- b29952
Quarter by quarter
March 31, 1984 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is George Washington Savings Bank?
$413.7 million in total assets and $395.3 million in deposits as of December 31, 2009, with assets up 2.0% from a year before. Its loans were $304.9 million.
How many branches does George Washington Savings Bank have?
4 branches in Illinois as of June 30, 2026.
Is George Washington Savings Bank profitable?
No: it lost $29.4 million from January 1 to December 31, 2009. Its return on assets was -7.12% a year; about 1% is typical.
Who owns George Washington Savings Bank?
George Washington Savings Bank is owned by George Washington Bcorp Inc, its holding company.
When did George Washington Savings Bank fail?
Feb 19, 2010. Firstmerit Bank, National Association of Akron, OH took over its deposits. The estimated cost of the failure was $118.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.