WESTERN FS & LA Failed 1991
What happened
WESTERN FS & LA of CLENVIEW, IL was closed on 1991-11-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to DEVON BANK (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3239
- FDIC Certificate
- 28446
- FDIC FIN
- 2196
- Bank name
- WESTERN FS & LA
- Location
- CLENVIEW, IL
- Failure date
- 1991-11-22
- FDIC resolution date
- 1992-03-20
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $26M
- Assets at failure
- $33M
- Acquiring bank
- DEVON BANK (CHICAGO, IL)