Bank failure · IL

First Calumet City Savings (Berwyn, IL) — failed June 4, 1980

First Calumet City Savings of Berwyn, Illinois was closed on June 4, 1980 and resolved through a a/a. Household Bank FSB (CA) took over its insured deposits. At failure it held $102.1M in assets and $82.4M in deposits. The FDIC's estimated loss on the failure is $14.6M (14.3% of assets).