Bank failure · IL

Pathway Financial (Chicago, IL) — failed December 30, 1988

Pathway Financial of Chicago, Illinois was closed on December 30, 1988 and resolved through a a/a. Pathway Financial a Fa (IL) took over its insured deposits. At failure it held $1.2B in assets and $938.2M in deposits. The FDIC's estimated loss on the failure is $498.0M (40.7% of assets).