Bank failure · IL
American Security Fs & LA (Chicago, IL) — failed March 16, 1989
American Security Fs & LA of Chicago, Illinois was closed on March 16, 1989 and resolved through a purchase and assumption. Marquette Nb (IL) took over its insured deposits. At failure it held $67.2M in assets and $49.9M in deposits. The FDIC's estimated loss on the failure is $2.6M (3.9% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 27681
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Marquette Nb
- Insurance fund
- RTC
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