FIRST AMERICAN S&LA Failed 1986
What happened
FIRST AMERICAN S&LA of BENTON, IL was closed on 1986-04-14. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST COOK BANK FOR SAVINGS (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1178
- FDIC Certificate
- 31550
- FDIC FIN
- 1792
- Bank name
- FIRST AMERICAN S&LA
- Location
- BENTON, IL
- Failure date
- 1986-04-14
- FDIC resolution date
- 1989-02-03
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $25M
- Deposits at failure
- $73M
- Assets at failure
- $81M
- Acquiring bank
- FIRST COOK BANK FOR SAVINGS (CHICAGO, IL)