Bank failure · IL

Peoria S&la (Peoria, IL) — failed December 31, 1988

Peoria S&la of Peoria, Illinois was closed on December 31, 1988 and resolved through a a/a. River Valley Sb FSB (IL) took over its insured deposits. At failure it held $171.6M in assets and $148.1M in deposits. The FDIC's estimated loss on the failure is $19.5M (11.4% of assets).