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The FDIC and First Midwest Bank entered into a loss-share transaction on $343.8 million of Palos Bank and Trust Company's assets. [9] First Midwest Bank assumed Waukegan Savings Bank's $77 million in deposits and $89 million in assets following its closure by the FDIC. The two Waukegan branches will open as First Midwest locations. [10]
By 1993, the bank changed its name from First Federal Savings and Loan Association of Storm Lake to First Federal Savings Bank of the Midwest, a subsidiary of First Midwest Financial, Inc. [6] On September 20, 1993, 1.9 million shares of stock in First Midwest Financial, Inc., were issued at $10 per share and began trading on the NASDAQ stock ...
The bank was established in 1889 as FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF DEFIANCE. [2] In 2000, the name of the bank was changed to First Federal Bank of the Midwest. [2] In March 2008, the company acquired Pavilion Bancorp Inc. and its subsidiary, the Bank of Lenawee. [3]
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Virtual banking first became a possibility in 1996 with the Bank of Montreal's mbanx. mbanx was released at the very beginning of the internet banking revolution in Canada and was the first full-service online bank [26] Also in 1996, RBC started providing banking information online and had the first personal computer banking software released ...
In 1953, under the leadership of John Lauritzen, First National Bank became the first bank in the region and the fifth in the nation to issue credit cards. [3] In 1968, due to an investment in real estate not permitted under a straight banking charter, the bank reorganized as a subsidiary of the bank holding company, First National of Nebraska ...
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