# HOME FS & LA OF CENTRALIA

> **Failed bank** · CENTRALIA, IL · failed 1989-03-16 · SL · FDIC cost $4M

## What happened

HOME FS & LA OF CENTRALIA of CENTRALIA, IL was closed by state regulators on **1989-03-16**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **MAGNA BANK OF CENTRALIA** (CENTRALIA, IL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2234
- **FDIC Certificate:** 28707
- **FDIC FIN:** 6991
- **Bank name:** HOME FS & LA OF CENTRALIA
- **Location:** CENTRALIA, IL
- **Failure date:** 1989-03-16
- **FDIC resolution date:** 1990-05-08
- **Charter type:** SL
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $48M
- **Assets at failure:** $48M
- **Acquiring bank:** MAGNA BANK OF CENTRALIA (CENTRALIA, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HOME%20FS%20%26%20LA%20OF%20CENTRALIA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HOME FS & LA OF CENTRALIA (FDIC ID 2234), failed 1989-03-16. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2234.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*