January 17, 2025
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WASHINGTON — Pulaski Savings Bank of Chicago, Ill. was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption agreement with Millennium Bank of Des Plaines, Ill., to assume all deposits of Pulaski Savings Bank.
The sole office of Pulaski Savings Bank will reopen as a branch of Millennium Bank during its normal business hours on Sat., Jan. 18, 2025. Depositors of the failed bank will automatically become depositors of Millennium Bank. The deposits assumed by Millennium Bank will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship. . . .
