# MT. ZION STATE BANK

> **Failed bank** · MOUNT ZION, IL · failed 1988-11-04 · State commercial bank, non-Federal Reserve member (FDIC-supervised)

## What happened

MT. ZION STATE BANK of MOUNT ZION, IL was closed by regulators on **1988-11-04**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **MOUNT ZION STATE B&T CO** (MOUNT ZION, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1975
- **FDIC Certificate:** 10836
- **FDIC FIN:** 5950
- **Bank name:** MT. ZION STATE BANK
- **Location:** MOUNT ZION, IL
- **Failure date:** 1988-11-04
- **FDIC resolution date:** 1988-11-04
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $26M
- **Assets at failure:** $26M
- **Acquiring bank:** MOUNT ZION STATE B&T CO (MOUNT ZION, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MT. ZION STATE BANK (FDIC ID 1975), failed 1988-11-04. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1975.

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