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Chicago Sun-Times

National

Matt Moore

Bridgeport bank failure proves costly for FDIC, a CPD officer faces dismissal and more in your Chicago news roundup

FDIC Chicago John F Gembara BRIDGEPORT Liam Hendriks Washington Federal Bank for Savings WBEZ

The old Washington Federal Bank for Savings, 2869 S. Archer Ave., which was shut down in December 2017 for “unsafe or unsound practices” days after John F. Gembara, its president and chief executive officer, was found dead at a bank customer’s home. A federal audit uncovered massive fraud at the bank. (Google Maps)

Good afternoon. Here’s the latest news you need to know in Chicago. It’s about an eight-minute read that will brief you on today’s biggest stories.

— Matt Moore (@MattKenMoore)

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