FRONTIER FEDERAL SAVINGS BANK Failed 1990
What happened
FRONTIER FEDERAL SAVINGS BANK of BELLEVILLE, IL was closed on 1990-01-18. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION BANK OF E. ST. LOUIS (EAST ST. LOUIS, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2616
- FDIC Certificate
- 27765
- FDIC FIN
- 7230
- Bank name
- FRONTIER FEDERAL SAVINGS BANK
- Location
- BELLEVILLE, IL
- Failure date
- 1990-01-18
- FDIC resolution date
- 1990-11-29
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $48M
- Assets at failure
- $45M
- Acquiring bank
- UNION BANK OF E. ST. LOUIS (EAST ST. LOUIS, IL)