# GALVA FS&LA

> **Failed bank** · GALVA, IL · failed 1988-07-28 · SL · FDIC cost $3M

## What happened

GALVA FS&LA of GALVA, IL was closed by state regulators on **1988-07-28**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **RIVER VALLEY SB FSB** (PEORIA, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1801
- **FDIC Certificate:** 29707
- **FDIC FIN:** 1735
- **Bank name:** GALVA FS&LA
- **Location:** GALVA, IL
- **Failure date:** 1988-07-28
- **FDIC resolution date:** 1988-07-28
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $14M
- **Assets at failure:** $13M
- **Acquiring bank:** RIVER VALLEY SB FSB (PEORIA, IL)

## Other banks RIVER VALLEY SB FSB has acquired in FDIC resolutions

- PEORIA S&LA (PEORIA, IL) — failed 1988-12-31 — /failed-bank/2063
- MUTUAL FS&LA (CANTON, IL) — failed 1988-07-28 — /failed-bank/1803
- HOME FS&LA (PEORIA, IL) — failed 1988-07-28 — /failed-bank/1802

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GALVA FS&LA (FDIC ID 1801), failed 1988-07-28. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/1801.

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