LYONS FEDERAL TRUST & SAVINGS Failed 1987

What happened

LYONS FEDERAL TRUST & SAVINGS of COUNTRYSIDE, IL was closed on 1987-09-24. The FDIC was named receiver.

Resolution: A/A

Deposits were transferred to SUPERIOR BANK, FSB (HINSDALE, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

1523

FDIC Certificate

29296

FDIC FIN

1786

Bank name

LYONS FEDERAL TRUST & SAVINGS

Location

COUNTRYSIDE, IL

Failure date

1987-09-24

FDIC resolution date

1988-12-07

Charter type

Savings bank

Resolution type

A/A

FDIC DIF cost (est.)

$562M

Deposits at failure

$1,545M

Assets at failure

$2,275M

Acquiring bank

SUPERIOR BANK, FSB (HINSDALE, IL)