Bank failure · IL
Skokie Fs & LA (Skokie, IL) — failed March 16, 1989
Skokie Fs & LA of Skokie, Illinois was closed on March 16, 1989 and resolved through a purchase and assumption. Affiliated Bank/No. Shore N (IL) took over its insured deposits. At failure it held $1.0B in assets and $769.1M in deposits. The FDIC's estimated loss on the failure is $117.3M (11.7% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 30935
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Affiliated Bank/No. Shore N
- Insurance fund
- RTC
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