Bank failure · IL
Western Fs & LA (Clenview, IL) — failed November 22, 1991
Western Fs & LA of Clenview, Illinois was closed on November 22, 1991 and resolved through a purchase and assumption. Devon Bank (IL) took over its insured deposits. At failure it held $33.2M in assets and $26.4M in deposits. The FDIC's estimated loss on the failure is $1.8M (5.6% of assets).
- Closing date
- November 22, 1991
- FDIC certificate #
- 28446
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Devon Bank
- Insurance fund
- RTC
Other failures in 1991
- North Ridge Bank FL
- The Bank Mart CT
- Bank of East Hartford CT
- Federal Finance & Mortgage, Ltd HI
- Investors FSB VA
- Merchants National Bank MA
- Granite Co-Operative Bank MA
- Saybrook Bank and Trust Company CT
- The Douglass Bank KS
- First National Bank of Miami FL
- Peoples Fsa IA
- Chase Savings & Loan PA
- White Horse Fs & LA NJ
- Durham Trust Company NH
- Alvarado National Bank TX
- Connecticut Savings Bank CT
- Worthington State Bank IN
- Delta FSB CA
- Cobb Fsa GA
- Community National Bank and Trust NY
- Marine View FSB NJ
- Union Bank TX
- Bank of the South LA
- The Private Bank & Trust, Nation FL