Bank failure · IL

First Savings of Zion (Zion, IL) — failed April 5, 1991

First Savings of Zion of Zion, Illinois was closed on April 5, 1991 and resolved through a purchase and assumption. Advantage Bank (WI) took over its insured deposits. At failure it held $63.2M in assets and $60.6M in deposits. The FDIC's estimated loss on the failure is $6.2M (9.7% of assets).