# AMERICAN SB

> **Failed bank** · SPRINGFIELD, IL · failed 1988-12-29 · SL · FDIC cost $176M

## What happened

AMERICAN SB of SPRINGFIELD, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $176M
- **Deposits at failure:** $846M
- **Assets at failure:** $887M
- **Acquiring bank:** CITIZENS SAVINGS (MIAMI, FL)

## Other banks CITIZENS SAVINGS has acquired in FDIC resolutions

- WASHINGTON FS&LA (MIAMI BEACH, FL) — failed 1981-09-08 — /failed-bank/604
- WEST SIDE FS&LA (NEW YORK, NY) — failed 1981-09-08 — /failed-bank/601

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERICAN SB (FDIC ID 2043), failed 1988-12-29. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/2043.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*