# NEW ATHENS FS & LA

> **Failed bank** · NEW ATHENS, IL · failed 1990-03-02 · SL · FDIC cost $2M

## What happened

NEW ATHENS FS & LA of NEW ATHENS, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $28M
- **Assets at failure:** $30M
- **Acquiring bank:** UNITED IL BANK OF NEW ATHEN (NEW ATHENS, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=NEW%20ATHENS%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, NEW ATHENS FS & LA (FDIC ID 2685), failed 1990-03-02. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/2685.

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