ARGO FS&LA Failed 1987
What happened
ARGO FS&LA of SUMMIT, IL was closed on 1987-11-17. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to ARGO S&LA FED S&L ASSOCIATI (SUMMIT, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1557
- FDIC Certificate
- 28921
- FDIC FIN
- 0
- Bank name
- ARGO FS&LA
- Location
- SUMMIT, IL
- Failure date
- 1987-11-17
- FDIC resolution date
- 1987-11-17
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $30M
- Assets at failure
- $26M
- Acquiring bank
- ARGO S&LA FED S&L ASSOCIATI (SUMMIT, IL)