ST. CHARLES FSA Failed 1990
What happened
ST. CHARLES FSA of ST. CHARLES, IL was closed on 1990-01-11. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to OLD KENT BANK, NA (ELMHURST, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2605
- FDIC Certificate
- 28154
- FDIC FIN
- 7234
- Bank name
- ST. CHARLES FSA
- Location
- ST. CHARLES, IL
- Failure date
- 1990-01-11
- FDIC resolution date
- 1990-11-30
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $113M
- Assets at failure
- $147M
- Acquiring bank
- OLD KENT BANK, NA (ELMHURST, IL)