FIRST SAVINGS OF AMERICA FS & LA Failed 1989
What happened
FIRST SAVINGS OF AMERICA FS & LA of ORLAND PARK, IL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to ST. PAUL FB FOR SAVINGS (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2268
- FDIC Certificate
- 32513
- FDIC FIN
- 6904
- Bank name
- FIRST SAVINGS OF AMERICA FS & LA
- Location
- ORLAND PARK, IL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1989-08-10
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $31M
- Deposits at failure
- $47M
- Assets at failure
- $23M
- Acquiring bank
- ST. PAUL FB FOR SAVINGS (CHICAGO, IL)
- FDIC comments
- FSLIC-RTC Duplicate Failures