Providence Bank, LLC, South Holland, Illinois, Assumes All of the Deposits of GreenChoice Bank, fsb, Chicago, Illinois — 2014-07-25

GreenChoice Bank, fsb, Chicago, Illinois, was closed today by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Providence Bank, LLC, South Holland, Illinois, to assume all of the deposits of GreenChoice Bank, fsb. The three branches of GreenChoice Bank, fsb will reopen as branches of Providence Bank, LLC during their normal business hours. Depositors of GreenChoice Bank, fsb will automatically become depositors of Providence Bank, LLC. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.