# GIBSON FEDERAL S&LA

> **Failed bank** · GIBSON CITY, IL · failed 1987-12-31 · SL · FDIC cost $37M

## What happened

GIBSON FEDERAL S&LA of GIBSON CITY, IL was closed by state regulators on **1987-12-31**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **CHAMPION FEDERAL S&LA** (BLOOMINGTON, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1593
- **FDIC Certificate:** 31327
- **FDIC FIN:** 1719
- **Bank name:** GIBSON FEDERAL S&LA
- **Location:** GIBSON CITY, IL
- **Failure date:** 1987-12-31
- **FDIC resolution date:** 1987-12-31
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $37M
- **Deposits at failure:** $146M
- **Assets at failure:** $132M
- **Acquiring bank:** CHAMPION FEDERAL S&LA (BLOOMINGTON, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=GIBSON%20FEDERAL%20S%26LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GIBSON FEDERAL S&LA (FDIC ID 1593), failed 1987-12-31. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/1593.

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