Bank failure · IL

First Fs&la of Chicago (Galena, IL) — failed April 3, 1982

First Fs&la of Chicago of Galena, Illinois was closed on April 3, 1982 and resolved through a a/a. Citicorp Savings of Illinoi (IL) took over its insured deposits. At failure it held $3.5B in assets and $2.8B in deposits. The FDIC's estimated loss on the failure is $634.6M (18.0% of assets).