# SECURITY FED. S & L ASSOC.

> **Failed bank** · PEORIA, IL · failed 1989-08-17 · SL · FDIC cost $24M

## What happened

SECURITY FED. S & L ASSOC. of PEORIA, 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 **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
- **Estimated FDIC DIF cost:** $24M
- **Deposits at failure:** $231M
- **Assets at failure:** $318M
- **Acquiring bank:** FIRST FINANCIAL BANK, FSB (STEVENS POINT, WI)

## Other banks FIRST FINANCIAL BANK, FSB has acquired in FDIC resolutions

- FIRST FINANCIAL BANK, FSB (NEW ORLEANS, LA) — failed 1985-05-10 — /failed-bank/991

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SECURITY FED. S & L ASSOC. (FDIC ID 2486), failed 1989-08-17. Retrieved via AI Analytics 2026-06-25 from https://api.ai-analytics.org/failed-bank/2486.

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