# MIDWESTERN SA

> **Failed bank** · MACOMB, IL · failed 1989-03-16 · SL · FDIC cost $25M

## What happened

MIDWESTERN SA of MACOMB, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $25M
- **Deposits at failure:** $101M
- **Assets at failure:** $111M
- **Acquiring bank:** UNION NB OF MACOMB (MACOMB, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MIDWESTERN%20SA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MIDWESTERN SA (FDIC ID 2232), failed 1989-03-16. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2232.

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