# CONCORDIA FEDERAL BANK FOR SAVINGS

> **Failed bank** · LANSING, IL · failed 1989-02-17 · Savings bank · FDIC cost $63M

## What happened

CONCORDIA FEDERAL BANK FOR SAVINGS of LANSING, IL was closed by state regulators on **1989-02-17**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **ADVANCE FB FOR SAVINGS** (LANSING, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2114
- **FDIC Certificate:** 29383
- **FDIC FIN:** 7031
- **Bank name:** CONCORDIA FEDERAL BANK FOR SAVINGS
- **Location:** LANSING, IL
- **Failure date:** 1989-02-17
- **FDIC resolution date:** 1990-05-29
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $63M
- **Deposits at failure:** $424M
- **Assets at failure:** $469M
- **Acquiring bank:** ADVANCE FB FOR SAVINGS (LANSING, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CONCORDIA FEDERAL BANK FOR SAVINGS (FDIC ID 2114), failed 1989-02-17. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2114.

---

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