Park Federal Savings Bank

Park Federal Savings Bank was established on January 1, 1921, under the original name Gage Park Savings and Loan Association. Over the years, the institution underwent several changes, including a transition in organization type to a Mutual Savings Bank and later to a Stock Savings Bank by August 9, 1996. The name was officially changed to Park Federal Savings Bank on December 28, 1994, the same day it also transitioned its primary federal regulatory agency to the Office of Thrift Supervision (OTS). On July 21, 2011, the bank changed its primary federal regulatory agency to the Office of the Comptroller of the Currency. The main office of the bank was moved to 5400 South Pulaski Road, Chicago, Illinois, on October 15, 1997. On April 30, 2016, Park Federal Savings Bank merged with Royal Savings Bank in Chicago, Illinois. The bank ultimately merged again on January 31, 2022, becoming part of Peoples Bank in Munster, Indiana.

Below is a list of some important events in banks history, including mergers and acquisitions.

1921-01-01Institution established. Original name: Gage Park Savings and Loan Association.

1994-12-28Changed Chartering Agency to Ots.

1994-12-28Changed Organization Type to Mutual Savings Bank.

1994-12-28Changed Primary Federal Regulatory Agency to Ots.

1994-12-28Changed Institution Name to Park Federal Savings Bank.

1996-08-09Changed Organization Type to Stock Savings Bank.

1997-10-15Main Office moved to 5400 South Pulaski Road, Chicago, IL 60632.

2011-07-21Changed Primary Federal Regulatory Agency to The Office of the Comptroller of the Currency.

2016-04-30Merged and became part of Royal Savings Bank in Chicago, IL.

2022-01-31Merged and became part of Peoples Bank in Munster, IN.