# WESTERN FS & LA

> **Failed bank** · CLENVIEW, IL · failed 1991-11-22 · SL · FDIC cost $2M

## What happened

WESTERN FS & LA of CLENVIEW, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $26M
- **Assets at failure:** $33M
- **Acquiring bank:** DEVON BANK (CHICAGO, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, WESTERN FS & LA (FDIC ID 3239), failed 1991-11-22. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/3239.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*