# TELEGRAPH S&LA

> **Failed bank** · CHICAGO, IL · failed 1980-05-01 · SL

## What happened

TELEGRAPH S&LA of CHICAGO, IL was closed by state regulators on **1980-05-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST FS&LA OF CHICAGO** (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 570
- **FDIC Certificate:** 29900
- **FDIC FIN:** 0
- **Bank name:** TELEGRAPH S&LA
- **Location:** CHICAGO, IL
- **Failure date:** 1980-05-01
- **FDIC resolution date:** 1980-05-01
- **Charter type:** SL
- **Resolution type:** A/A
- **Deposits at failure:** $218M
- **Assets at failure:** $264M
- **Acquiring bank:** FIRST FS&LA OF CHICAGO (CHICAGO, IL)

## Other banks FIRST FS&LA OF CHICAGO has acquired in FDIC resolutions

- FIRST FINANCIAL, S&LA (DOWNER'S GROVE, IL) — failed 1982-04-03 — /failed-bank/660

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TELEGRAPH S&LA (FDIC ID 570), failed 1980-05-01. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/570.

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