# FINANCIAL SECURITY S&LA

> **Failed bank** · ELK GROVE VILLAGE, IL · failed 1981-06-01 · SL · FDIC cost $16M

## What happened

FINANCIAL SECURITY S&LA of ELK GROVE VILLAGE, IL was closed by state regulators on **1981-06-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **LAND OF LINCOLN S&LA** (BERWYN, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 595
- **FDIC Certificate:** 28190
- **FDIC FIN:** 1608
- **Bank name:** FINANCIAL SECURITY S&LA
- **Location:** ELK GROVE VILLAGE, IL
- **Failure date:** 1981-06-01
- **FDIC resolution date:** 1981-06-01
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $50M
- **Assets at failure:** $64M
- **Acquiring bank:** LAND OF LINCOLN S&LA (BERWYN, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FINANCIAL SECURITY S&LA (FDIC ID 595), failed 1981-06-01. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/595.

---

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