ARLINGTON HEIGHTS SAVINGS ASSOC. Failed 1989

ARLINGTON HEIGHTS, IL · SL · view on FDIC BankFind ↗

What happened

ARLINGTON HEIGHTS SAVINGS ASSOC. of ARLINGTON HEIGHTS, IL was closed on 1989-12-07. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to CITIBANK FSB (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2580
FDIC Certificate
30624
FDIC FIN
7197
Bank name
ARLINGTON HEIGHTS SAVINGS ASSOC.
Location
ARLINGTON HEIGHTS, IL
Failure date
1989-12-07
FDIC resolution date
1990-09-28
Charter type
SL
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$0M
Deposits at failure
$401M
Assets at failure
$509M
Acquiring bank
CITIBANK FSB (CHICAGO, IL)