Bank failure · IL

Morgan Park S&la (Chicago, IL) — failed March 8, 1982

Morgan Park S&la of Chicago, Illinois was closed on March 8, 1982 and resolved through a a/a. Illinois-Service Fs&la (IL) took over its insured deposits. At failure it held $2.3M in assets and $2.2M in deposits. The FDIC's estimated loss on the failure is $292K (12.7% of assets).