# FIDELITY SAVINGS BANK

> **Failed bank** · DANVILLE, IL · failed 1990-02-16 · SL · FDIC cost $1M

## What happened

FIDELITY SAVINGS BANK of DANVILLE, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $16M
- **Assets at failure:** $16M
- **Acquiring bank:** FIRST MIDWEST BANK (DANVILLE, IL)

## Other banks FIRST MIDWEST BANK has acquired in FDIC resolutions

- WAUKEGAN SAVINGS BANK (WAUKEGAN, IL) — failed 2012-08-03 — /failed-bank/4022
- PALOS BANK AND TRUST COMPANY (PALOS HEIGHTS, IL) — failed 2010-08-13 — /failed-bank/3843
- PEOTONE BANK AND TRUST COMPANY (PEOTONE, IL) — failed 2010-04-23 — /failed-bank/3785
- FIRST DUPAGE BANK (WESTMONT, IL) — failed 2009-10-23 — /failed-bank/3694

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIDELITY%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIDELITY SAVINGS BANK (FDIC ID 2658), failed 1990-02-16. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/2658.

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