Bank Failure
Talman Home, FS&LA
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Closed February 20, 1982 · Chicago, IL · FDIC Cert #28244.
- Closing date
- February 20, 1982
- Headquarters
- Chicago, IL
- FDIC Certificate
- 28244
- Total assets at closing
- $3.40B
- Total deposits at closing
- $2.66B
- Estimated loss to the insurance fund
- $255.4M
- Insurance fund
- Federal Savings and Loan Insurance Corporation (FSLIC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Talman Home, FS&LA
Context
On February 20, 1982, regulators closed Talman Home, FS&LA, headquartered in Chicago, IL. At closing, the institution held approximately $3.40B in assets and $2.66B in deposits. The FDIC record names Talman Home, FS&LA as the acquiring institution in the resolution. The estimated cost to the Federal Savings and Loan Insurance Corporation (FSLIC) was approximately $255.4M.
By assets at closing this is the 63rd largest of the 3,526 bank failures in the FDIC record, and the 1st of 34 in 1982. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Talman Home, FS&LA fail?
Talman Home, FS&LA was closed by regulators on February 20, 1982.
Who acquired Talman Home, FS&LA?
The FDIC record names Talman Home, FS&LA as the acquiring institution in the resolution of Talman Home, FS&LA.
How big was Talman Home, FS&LA when it failed?
Talman Home, FS&LA had approximately $3.40B in total assets and $2.66B in deposits at the time of failure.
Other failures in 1982
| Date | Bank | Assets |
|---|---|---|
| Dec 16, 1982 | The Security State Bank | $11.6M |
| Dec 10, 1982 | Bollinger County Bank | $15.9M |
| Nov 19, 1982 | North Kansas Sa | $36.5M |
| Nov 19, 1982 | Ranchlander National Bank | $4.3M |
| Nov 12, 1982 | Bank of Quitman | $17.4M |
| Nov 5, 1982 | The First National Bank of South Charlesto | $28.6M |
| Nov 5, 1982 | Texas BK of Amarillo | $13.1M |
| Nov 2, 1982 | Cedar Bluff Bank | $13.7M |
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