# BLACK HAWK S & L ASSOC.

> **Failed bank** · ROCK ISLAND, IL · failed 1989-08-17 · SL · FDIC cost $2M

## What happened

BLACK HAWK S & L ASSOC. of ROCK ISLAND, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $68M
- **Assets at failure:** $72M
- **Acquiring bank:** AMERICAN BANK OF ROCK ISLAN (ROCK ISLAND, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BLACK%20HAWK%20S%20%26%20L%20ASSOC.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BLACK HAWK S & L ASSOC. (FDIC ID 2485), failed 1989-08-17. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2485.

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