# ST. CHARLES FSA

> **Failed bank** · ST. CHARLES, IL · failed 1990-01-11 · SL · FDIC cost $6M

## What happened

ST. CHARLES FSA of ST. CHARLES, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $113M
- **Assets at failure:** $147M
- **Acquiring bank:** OLD KENT BANK, NA (ELMHURST, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ST.%20CHARLES%20FSA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ST. CHARLES FSA (FDIC ID 2605), failed 1990-01-11. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/2605.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*