MADISON COUNTY FED. S & L ASSOC. Failed 1989
What happened
MADISON COUNTY FED. S & L ASSOC. of GRANITE CITY, IL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to FIRST BANK OF ILLINOIS (NONE, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2231
- FDIC Certificate
- 27762
- FDIC FIN
- 7012
- Bank name
- MADISON COUNTY FED. S & L ASSOC.
- Location
- GRANITE CITY, IL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-05-18
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $131M
- Assets at failure
- $132M
- Acquiring bank
- FIRST BANK OF ILLINOIS (NONE, IL)