BLACK HAWK S & L ASSOC. Failed 1989
What happened
BLACK HAWK S & L ASSOC. of ROCK ISLAND, IL was closed on 1989-08-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERICAN BANK OF ROCK ISLAN (ROCK ISLAND, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2485
- FDIC Certificate
- 29194
- FDIC FIN
- 7108
- Bank name
- BLACK HAWK S & L ASSOC.
- Location
- ROCK ISLAND, IL
- Failure date
- 1989-08-17
- FDIC resolution date
- 1990-06-29
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $68M
- Assets at failure
- $72M
- Acquiring bank
- AMERICAN BANK OF ROCK ISLAN (ROCK ISLAND, IL)