Bank failure · IL

Franklin Sa (Chicago, IL) — failed February 9, 1981

Franklin Sa of Chicago, Illinois was closed on February 9, 1981 and resolved through a a/a. Avondale FSB (IL) took over its insured deposits. At failure it held $97.6M in assets and $71.9M in deposits. The FDIC's estimated loss on the failure is $1.6M (1.6% of assets).