Bank failure · IL

Citizens Savings and Loan (East Alton, IL) — failed April 11, 1988

Citizens Savings and Loan of East Alton, Illinois was closed on April 11, 1988 and resolved through a a/a. Lemont Savings Assn (IL) took over its insured deposits. At failure it held $36.4M in assets and $41.2M in deposits. The FDIC's estimated loss on the failure is $6.1M (16.8% of assets).