Bank failure · IL
Argo Fs&la (Summit, IL) — failed November 17, 1987
Argo Fs&la of Summit, Illinois was closed on November 17, 1987 and resolved through a a/a. Argo S&la Fed S&l Associati (IL) took over its insured deposits. At failure it held $25.6M in assets and $29.7M in deposits. The FDIC's estimated loss on the failure is $3.6M (14.0% of assets).
- Closing date
- November 17, 1987
- FDIC certificate #
- 28921
- Resolution
- A/A (assistance)
- Acquiring institution
- Argo S&la Fed S&l Associati
- Insurance fund
- FSLIC
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