Chicago Streets and Sanitation official among those charged in bank fraud scheme also allegedly tied to Ald. Patrick Daley Thompson

The former Washington Federal Bank for Savings at 2869 S. Archer Ave. in Chicago in December 2017, when it was shut down after regulators determined it was insolvent and had at least $66 million in bad loans. Royal Bank took over some Washington Federal locations. (Terrence Antonio James/Chicago Tribune)