Bank failure · IL
Cooperative FSB (Westmont, IL) — failed July 19, 1991
Cooperative FSB of Westmont, Illinois was closed on July 19, 1991 and resolved through a purchase and assumption. Heritage Glenwood Bank (IL) took over its insured deposits. At failure it held $74.9M in assets and $47.0M in deposits. The FDIC's estimated loss on the failure is $1K (0.0% of assets).
- Closing date
- July 19, 1991
- FDIC certificate #
- 30545
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Heritage Glenwood Bank
- Insurance fund
- RTC
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