FIDELITY SAVINGS BANK Failed 1990
What happened
FIDELITY SAVINGS BANK of DANVILLE, IL was closed on 1990-02-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST MIDWEST BANK (DANVILLE, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2658
- FDIC Certificate
- 28829
- FDIC FIN
- 7142
- Bank name
- FIDELITY SAVINGS BANK
- Location
- DANVILLE, IL
- Failure date
- 1990-02-16
- FDIC resolution date
- 1990-08-22
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $16M
- Assets at failure
- $16M
- Acquiring bank
- FIRST MIDWEST BANK (DANVILLE, IL)
Other banks FIRST MIDWEST BANK acquired in FDIC resolutions