Regulators failed a small Chicago thrift on Friday, four years after it was saved at the last minute by a group looking to start an environmentally friendly bank.

The $72.9 million-asset GreenChoice Bank was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corp. entered into an agreement with Providence Bank LLC in South Holland, Ill., to buy $67.7 million of GreenChoice's assets and assume its $71 million in deposits.

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