# PALOS S&LA

> **Failed bank** · PALOS HEIGHTS, IL · failed 1981-12-05 · SL

## What happened

PALOS S&LA of PALOS HEIGHTS, IL was closed by state regulators on **1981-12-05**. 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:** 618
- **FDIC Certificate:** 31138
- **FDIC FIN:** 0
- **Bank name:** PALOS S&LA
- **Location:** PALOS HEIGHTS, IL
- **Failure date:** 1981-12-05
- **FDIC resolution date:** 1981-12-05
- **Charter type:** SL
- **Resolution type:** A/A
- **Deposits at failure:** $81M
- **Assets at failure:** $98M
- **Acquiring bank:** HYDE PARK FS&LA (CHICAGO, IL)

## Other banks HYDE PARK FS&LA has acquired in FDIC resolutions

- RESERVE S&LA (ELMHURST, IL) — failed 1981-10-07 — /failed-bank/608

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, PALOS S&LA (FDIC ID 618), failed 1981-12-05. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/618.

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