Bank failure · IL

Mutual Fs&la (Canton, IL) — failed July 28, 1988

Mutual Fs&la of Canton, Illinois was closed on July 28, 1988 and resolved through a a/a. River Valley Sb FSB (IL) took over its insured deposits. At failure it held $30.4M in assets and $38.1M in deposits. The FDIC's estimated loss on the failure is $11.8M (38.7% of assets).