# ILLINOIS SAVINGS BANK

> **Failed bank** · PEORIA, IL · failed 1989-03-16 · Savings bank · FDIC cost $5M

## What happened

ILLINOIS SAVINGS BANK of PEORIA, 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 **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
- **Estimated FDIC DIF cost:** $5M
- **Deposits at failure:** $68M
- **Assets at failure:** $78M
- **Acquiring bank:** HEART OF IL BANK, FSB (SPRING VALLEY, IL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ILLINOIS SAVINGS BANK (FDIC ID 2248), failed 1989-03-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2248.

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