CHILLICOTHE FED. S & L ASSOC. Failed 1989
What happened
CHILLICOTHE FED. S & L ASSOC. of CHILLICOTHE, 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 SOUTHSIDE TRUST & SB OF PEO (PEORIA, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2238
- FDIC Certificate
- 29413
- FDIC FIN
- 7144
- Bank name
- CHILLICOTHE FED. S & L ASSOC.
- Location
- CHILLICOTHE, IL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-08-24
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $54M
- Assets at failure
- $51M
- Acquiring bank
- SOUTHSIDE TRUST & SB OF PEO (PEORIA, IL)