MIDWESTERN SA Failed 1989
What happened
MIDWESTERN SA of MACOMB, 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 UNION NB OF MACOMB (MACOMB, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2232
- FDIC Certificate
- 27829
- FDIC FIN
- 7086
- Bank name
- MIDWESTERN SA
- Location
- MACOMB, IL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-06-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $25M
- Deposits at failure
- $101M
- Assets at failure
- $111M
- Acquiring bank
- UNION NB OF MACOMB (MACOMB, IL)