NEW ATHENS FS & LA Failed 1990
What happened
NEW ATHENS FS & LA of NEW ATHENS, IL was closed on 1990-03-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED IL BANK OF NEW ATHEN (NEW ATHENS, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2685
- FDIC Certificate
- 31174
- FDIC FIN
- 7225
- Bank name
- NEW ATHENS FS & LA
- Location
- NEW ATHENS, IL
- Failure date
- 1990-03-02
- FDIC resolution date
- 1990-11-16
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $28M
- Assets at failure
- $30M
- Acquiring bank
- UNITED IL BANK OF NEW ATHEN (NEW ATHENS, IL)