DURHAM, N.C. – Self-Help FCU, which agreed earlier this month to buy 1,100 mortgages originated by the Second Federal Savings and Loan, said yesterday it is also buying the deposits and remaining banking operations of the failed bank.

Self-Help, the California-based community development credit union affiliate of the Center for Community Self Help, teamed earlier this month with Chicago’s The Resurrection Project to buy the mortgages mostly held by Hispanic borrowers from the FDIC that were made by the failed Second Federal for $59 million. With yesterday’s transaction, also in partnership with Resurrection, Self-Help is buying the deposits and operations of Second Federal from Wintrust Financial Corp, effectively completely a deal for all of the operations of the failed bank. As a result, Self-Help FCU will be operating the three legacy Second Federal branches in Little Village, Cicero and Brighton Park.

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