Bank failure · IL

Alliance, S&la (Chicago, IL) — failed February 20, 1982

Alliance, S&la of Chicago, Illinois was closed on February 20, 1982 and resolved through a a/a. Talman Home, Fs&la (IL) took over its insured deposits. At failure it held $280.7M in assets and $231.7M in deposits. The FDIC's estimated loss on the failure is $27.4M (9.8% of assets).