ILLINOIS SAVINGS BANK Failed 1989
What happened
ILLINOIS SAVINGS BANK of PEORIA, 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 HEART OF IL BANK, FSB (SPRING VALLEY, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2248
- FDIC Certificate
- 31355
- FDIC FIN
- 7133
- Bank name
- ILLINOIS SAVINGS BANK
- Location
- PEORIA, IL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-08-17
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $68M
- Assets at failure
- $78M
- Acquiring bank
- HEART OF IL BANK, FSB (SPRING VALLEY, IL)