The Graveyard › Banks › 1981
Economy S&LA
Chicago, IL · failed May 18, 1981 · FDIC certificate 30480
Economy S&LA of Chicago, IL failed on May 18, 1981. It opened in 1949, 32 years before. At its last report before that it held $73.9 million in assets and $58.4 million in deposits. The FDIC estimates that the FSLIC's fund lost $22.0 million on it.
Assets at the end$73.9 millionlast report before May 18, 1981
Deposits at the end$58.4 million
Estimated loss to the fund$22.0 millionFSLIC
Also ended in 1981
- First Fs&La of Broward County · Ft. Lauderdale · $2.6 billion in assets · assisted
- West Side Fs&La · New York · $2.5 billion in assets · assisted
- The Greenwich Savings Bank · New York · $2.5 billion in assets · assisted
- Union Dime Savings Bank · New York · $1.5 billion in assets · assisted
- Washington Fs&La · Miami Beach · $1.2 billion in assets · assisted
- First Fs&La of Rochester · Rochester · $1.2 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.