AMERICAN SECURITY FS & LA Failed 1989
What happened
AMERICAN SECURITY FS & LA of CHICAGO, IL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MARQUETTE NB (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2228
- FDIC Certificate
- 27681
- FDIC FIN
- 7075
- Bank name
- AMERICAN SECURITY FS & LA
- Location
- CHICAGO, IL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-06-19
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $3M
- Deposits at failure
- $50M
- Assets at failure
- $67M
- Acquiring bank
- MARQUETTE NB (CHICAGO, IL)
Other banks MARQUETTE NB acquired in FDIC resolutions