# AMERIMAC SAVINGS BANK, FS

> **Failed bank** · HILLSBORO, IL · failed 1989-06-29 · Savings bank · FDIC cost $8M

## What happened

AMERIMAC SAVINGS BANK, FS of HILLSBORO, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $8M
- **Deposits at failure:** $25M
- **Assets at failure:** $30M
- **Acquiring bank:** SECURITY SB, FSB (HILLSBORO, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMERIMAC%20SAVINGS%20BANK%2C%20FS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMERIMAC SAVINGS BANK, FS (FDIC ID 2404), failed 1989-06-29. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2404.

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