Legacy Bank closed by FDIC and taken over by Seaway Bank of Chicago

Written by admin   // March 12, 2011   // 0 Comments

Legacy Bank on March 11, 2011 became the 25th bank failure. The FDIC was appointed receiver and sold the bank to Seaway Bank and Trust Company. Seaway Bank and Trust assumed all deposits of Legacy Bank. Depositors of Legacy have full access to their money over the weekend and will automatically become depositors of Seaway Bank.

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