FIRST FED. SAVINGS BANK Failed 1989
What happened
FIRST FED. SAVINGS BANK of EAST ALTON, IL was closed on 1989-04-06. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to ILLINOIS STATE B&T (EAST ALTON, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2320
- FDIC Certificate
- 28228
- FDIC FIN
- 6980
- Bank name
- FIRST FED. SAVINGS BANK
- Location
- EAST ALTON, IL
- Failure date
- 1989-04-06
- FDIC resolution date
- 1990-05-04
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $56M
- Assets at failure
- $56M
- Acquiring bank
- ILLINOIS STATE B&T (EAST ALTON, IL)