SECURITY FED. S & L ASSOC. Failed 1989
What happened
SECURITY FED. S & L ASSOC. of PEORIA, 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 FIRST FINANCIAL BANK, FSB (STEVENS POINT, WI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2486
- FDIC Certificate
- 29850
- FDIC FIN
- 7134
- Bank name
- SECURITY FED. S & L ASSOC.
- Location
- PEORIA, IL
- Failure date
- 1989-08-17
- FDIC resolution date
- 1990-08-17
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $24M
- Deposits at failure
- $231M
- Assets at failure
- $318M
- Acquiring bank
- FIRST FINANCIAL BANK, FSB (STEVENS POINT, WI)
Other banks FIRST FINANCIAL BANK, FSB acquired in FDIC resolutions