AMERICAN SB Failed 1988
What happened
AMERICAN SB of SPRINGFIELD, IL was closed on 1988-12-29. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to CITIZENS SAVINGS (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2043
- FDIC Certificate
- 30825
- FDIC FIN
- 1777
- Bank name
- AMERICAN SB
- Location
- SPRINGFIELD, IL
- Failure date
- 1988-12-29
- FDIC resolution date
- 1988-12-29
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $176M
- Deposits at failure
- $846M
- Assets at failure
- $887M
- Acquiring bank
- CITIZENS SAVINGS (MIAMI, FL)
Other banks CITIZENS SAVINGS acquired in FDIC resolutions