SKOKIE FS & LA Failed 1989
What happened
SKOKIE FS & LA of SKOKIE, IL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AFFILIATED BANK/NO. SHORE N (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2243
- FDIC Certificate
- 30935
- FDIC FIN
- 6955
- Bank name
- SKOKIE FS & LA
- Location
- SKOKIE, IL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-02-06
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $117M
- Deposits at failure
- $769M
- Assets at failure
- $1,005M
- Acquiring bank
- AFFILIATED BANK/NO. SHORE N (CHICAGO, IL)