Bank failure · IL
Olympic Federal Savings (Berwyn, IL) — failed December 14, 1990
Olympic Federal Savings of Berwyn, Illinois was closed on December 14, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $1.1B in assets and $683.7M in deposits. The FDIC's estimated loss on the failure is $73.9M (7.0% of assets).
- Closing date
- December 14, 1990
- FDIC certificate #
- 28143
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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