Bank failure · IL

Loves Park FSB (Loves Park, IL) — failed September 21, 1988

Loves Park FSB of Loves Park, Illinois was closed on September 21, 1988 and resolved through a a/a. Home Fs&la of Rockford (IL) took over its insured deposits. At failure it held $40.8M in assets and $45.0M in deposits. The FDIC's estimated loss on the failure is $5.0M (12.3% of assets).