Bank failure · IL
Life Savings of America (Rockford, IL) — failed February 13, 1987
Life Savings of America of Rockford, Illinois was closed on February 13, 1987 and resolved through a insured deposit transfer. 0 (0) took over its insured deposits. At failure it held $342.3M in assets and $339.2M in deposits. The FDIC's estimated loss on the failure is $115.7M (33.8% of assets).
- Closing date
- February 13, 1987
- FDIC certificate #
- 31115
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- 0
- Insurance fund
- FSLIC
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