Covenant Bank - Chicago, IL

Trace a Missing or Unclaimed Savings Account, IRA or CD

Unclaimed Money at Covenant Bank
Lost bank account, lost safe deposit box and missing CD search - Covenant Bank

2013 FDIC Insured Failed Banks

February 15, 2013: Covenant Bank, Chicago, IL was closed by the Illinois Department of Financial and Professional Regulation - Division of Banking: The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, excluding certain brokered deposits, have been transferred to Liberty Bank and Trust Company, New Orleans, LA

Liberty Bank and Trust Company
6600 Plaza Drive, Suite 600
New Orleans, LA 70127
 

History: Est. in 1977 as Community Bank of Lawndale
 

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search

Covenant Bank
1111 South Homan Avenue
Chicago, IL 60624
Established
as
Community Bank of Lawndale
Cost to FDIC: $22 million


 

2008-2015 FAILED BANK REPORTER