Bank failure · IL

Financial Security S&la (Elk Grove Village, IL) — failed June 1, 1981

Financial Security S&la of Elk Grove Village, Illinois was closed on June 1, 1981 and resolved through a a/a. Land of Lincoln S&la (IL) took over its insured deposits. At failure it held $63.8M in assets and $50.1M in deposits. The FDIC's estimated loss on the failure is $15.7M (24.6% of assets).