Bank failure · IL
Great American Fs & LA (Oak Park, IL) — failed February 16, 1990
Great American Fs & LA of Oak Park, Illinois was closed on February 16, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.0B in assets and $736.4M in deposits. The FDIC's estimated loss on the failure is $10.5M (1.0% of assets).
- Closing date
- February 16, 1990
- FDIC certificate #
- 28911
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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