AMERIMAC SAVINGS BANK, FS Failed 1989
What happened
AMERIMAC SAVINGS BANK, FS of HILLSBORO, IL was closed on 1989-06-29. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to SECURITY SB, FSB (HILLSBORO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2404
- FDIC Certificate
- 31326
- FDIC FIN
- 7004
- Bank name
- AMERIMAC SAVINGS BANK, FS
- Location
- HILLSBORO, IL
- Failure date
- 1989-06-29
- FDIC resolution date
- 1990-05-15
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $8M
- Deposits at failure
- $25M
- Assets at failure
- $30M
- Acquiring bank
- SECURITY SB, FSB (HILLSBORO, IL)