Bank failure · IL

Galva Fs&la (Galva, IL) — failed July 28, 1988

Galva Fs&la of Galva, Illinois was closed on July 28, 1988 and resolved through a a/a. River Valley Sb FSB (IL) took over its insured deposits. At failure it held $12.8M in assets and $13.7M in deposits. The FDIC's estimated loss on the failure is $2.8M (22.2% of assets).