FRANKLIN SA Failed 1981
What happened
FRANKLIN SA of CHICAGO, IL was closed on 1981-02-09. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to AVONDALE FSB (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 586
- FDIC Certificate
- 31010
- FDIC FIN
- 1606
- Bank name
- FRANKLIN SA
- Location
- CHICAGO, IL
- Failure date
- 1981-02-09
- FDIC resolution date
- 1981-02-09
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $72M
- Assets at failure
- $98M
- Acquiring bank
- AVONDALE FSB (CHICAGO, IL)