Bank failure · IL
Lyons Federal Trust & Savings (Countryside, IL) — failed September 24, 1987
Lyons Federal Trust & Savings of Countryside, Illinois was closed on September 24, 1987 and resolved through a a/a. Superior Bank, FSB (IL) took over its insured deposits. At failure it held $2.3B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $561.6M (24.7% of assets).
- Closing date
- September 24, 1987
- FDIC certificate #
- 29296
- Resolution
- A/A (assistance)
- Acquiring institution
- Superior Bank, FSB
- Insurance fund
- FSLIC
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