RESERVE S&LA Failed 1981
What happened
RESERVE S&LA of ELMHURST, IL was closed on 1981-10-07. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HYDE PARK FS&LA (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 608
- FDIC Certificate
- 30703
- FDIC FIN
- 0
- Bank name
- RESERVE S&LA
- Location
- ELMHURST, IL
- Failure date
- 1981-10-07
- FDIC resolution date
- 1981-10-07
- Charter type
- SL
- Resolution type
- A/A
- Deposits at failure
- $100M
- Assets at failure
- $130M
- Acquiring bank
- HYDE PARK FS&LA (CHICAGO, IL)
Other banks HYDE PARK FS&LA acquired in FDIC resolutions
- PALOS S&LA (PALOS HEIGHTS, IL) — failed 1981-12-05