# CHILLICOTHE FED. S & L ASSOC.

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

## What happened

CHILLICOTHE FED. S & L ASSOC. of CHILLICOTHE, 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 **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
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $54M
- **Assets at failure:** $51M
- **Acquiring bank:** SOUTHSIDE TRUST & SB OF PEO (PEORIA, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CHILLICOTHE%20FED.%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CHILLICOTHE FED. S & L ASSOC. (FDIC ID 2238), failed 1989-03-16. Retrieved via AI Analytics 2026-07-16 from https://api.ai-analytics.org/failed-bank/2238.

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