MIDWEST HOME FSB Failed 1989

What happened

MIDWEST HOME FSB of BELLEVILLE, 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 UMB FIRST NB (COLLINSVILLE, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

2230

FDIC Certificate

27717

FDIC FIN

7237

Bank name

MIDWEST HOME FSB

Location

BELLEVILLE, IL

Failure date

1989-03-16

FDIC resolution date

1990-11-30

Charter type

Savings bank

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$16M

Deposits at failure

$106M

Assets at failure

$124M

Acquiring bank

UMB FIRST NB (COLLINSVILLE, IL)