Bank failure · IL

First American S&la (Benton, IL) — failed April 14, 1986

First American S&la of Benton, Illinois was closed on April 14, 1986 and resolved through a a/a. First Cook Bank for Savings (IL) took over its insured deposits. At failure it held $80.6M in assets and $73.5M in deposits. The FDIC's estimated loss on the failure is $25.5M (31.6% of assets).