# FIRST FS&LA OF TAYLORVILLE

> **Failed bank** · TAYLORVILLE, IL · failed 1988-08-10 · SL · FDIC cost $3M

## What happened

FIRST FS&LA OF TAYLORVILLE of TAYLORVILLE, IL was closed by state regulators on **1988-08-10**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **UNITED SAVINGS OF AMERICA** (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1851
- **FDIC Certificate:** 29848
- **FDIC FIN:** 1738
- **Bank name:** FIRST FS&LA OF TAYLORVILLE
- **Location:** TAYLORVILLE, IL
- **Failure date:** 1988-08-10
- **FDIC resolution date:** 1988-08-10
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $38M
- **Assets at failure:** $35M
- **Acquiring bank:** UNITED SAVINGS OF AMERICA (CHICAGO, IL)

## Other banks UNITED SAVINGS OF AMERICA has acquired in FDIC resolutions

- FIDELITY FS&LA (BERWYN, IL) — failed 1988-09-01 — /failed-bank/1911

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FS&LA OF TAYLORVILLE (FDIC ID 1851), failed 1988-08-10. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/1851.

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