Two local thrifts agreed this week to pay a combined $3 million in fines for defrauding customers and the former Resolution Trust Corp.

South Chicago Bank pleaded guilty to making political donations earlier this decade using customers' unclaimed Social Security checks and other money, according to an agreement signed Wednesday in U.S. District Court in Chicago. The $209 million-asset thrift was fined $1 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.