Bank failure · IL
Summit First S & LA (Summit, IL) — failed July 13, 1990
Summit First S & LA of Summit, Illinois was closed on July 13, 1990 and resolved through a purchase and assumption. Marquette Nb (IL) took over its insured deposits. At failure it held $57.8M in assets and $55.8M in deposits. The FDIC's estimated loss on the failure is −$21K (-0.0% of assets).
- Closing date
- July 13, 1990
- FDIC certificate #
- 29023
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Marquette Nb
- Insurance fund
- RTC
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