PIONEER SAVINGS FA Failed 1989
What happened
PIONEER SAVINGS FA of PLYMOUTH, IN was closed on 1989-07-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERITRUST NB (ELKHART, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2413
- FDIC Certificate
- 28609
- FDIC FIN
- 7016
- Bank name
- PIONEER SAVINGS FA
- Location
- PLYMOUTH, IN
- Failure date
- 1989-07-13
- FDIC resolution date
- 1990-05-18
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $92M
- Assets at failure
- $81M
- Acquiring bank
- AMERITRUST NB (ELKHART, IN)