Bank failure · IL

First Fs&la of Taylorville (Taylorville, IL) — failed August 10, 1988

First Fs&la of Taylorville of Taylorville, Illinois was closed on August 10, 1988 and resolved through a a/a. United Savings of America (IL) took over its insured deposits. At failure it held $34.6M in assets and $37.6M in deposits. The FDIC's estimated loss on the failure is $2.8M (8.0% of assets).