# FIRST AMERICAN S&LA

> **Failed bank** · BENTON, IL · failed 1986-04-14 · SL · FDIC cost $25M

## What happened

FIRST AMERICAN S&LA of BENTON, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $73M
- **Assets at failure:** $81M
- **Acquiring bank:** FIRST COOK BANK FOR SAVINGS (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20AMERICAN%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST AMERICAN S&LA (FDIC ID 1178), failed 1986-04-14. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/1178.

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