FIRST FS&LA OF CHICAGO Failed 1982
What happened
FIRST FS&LA OF CHICAGO of GALENA, IL was closed on 1982-04-03. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to CITICORP SAVINGS OF ILLINOI (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 659
- FDIC Certificate
- 28820
- FDIC FIN
- 1652
- Bank name
- FIRST FS&LA OF CHICAGO
- Location
- GALENA, IL
- Failure date
- 1982-04-03
- FDIC resolution date
- 1984-03-01
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $635M
- Deposits at failure
- $2,840M
- Assets at failure
- $3,535M
- Acquiring bank
- CITICORP SAVINGS OF ILLINOI (CHICAGO, IL)
- FDIC comments
- FSLIC Assisted Merger - SIMS to be updated to show failure
Other banks CITICORP SAVINGS OF ILLINOI acquired in FDIC resolutions