# FRANKLIN SA

> **Failed bank** · CHICAGO, IL · failed 1981-02-09 · SL · FDIC cost $2M

## What happened

FRANKLIN SA of CHICAGO, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $72M
- **Assets at failure:** $98M
- **Acquiring bank:** AVONDALE FSB (CHICAGO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FRANKLIN%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FRANKLIN SA (FDIC ID 586), failed 1981-02-09. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/586.

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