# REPUBLIC SAVINGS BANK

> **Failed bank** · SOUTH BELOIT, IL · failed 1986-10-01 · SL · FDIC cost $20M

## What happened

REPUBLIC SAVINGS BANK of SOUTH BELOIT, IL was closed by state regulators on **1986-10-01**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **RIVER VALLEY SAVINGS BANK** (ROCK FALLS, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1282
- **FDIC Certificate:** 31384
- **FDIC FIN:** 1736
- **Bank name:** REPUBLIC SAVINGS BANK
- **Location:** SOUTH BELOIT, IL
- **Failure date:** 1986-10-01
- **FDIC resolution date:** 1988-07-28
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $60M
- **Assets at failure:** $57M
- **Acquiring bank:** RIVER VALLEY SAVINGS BANK (ROCK FALLS, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=REPUBLIC%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, REPUBLIC SAVINGS BANK (FDIC ID 1282), failed 1986-10-01. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/1282.

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