BANK USA, FEDERAL ASSOCIATION Failed 1990
What happened
BANK USA, FEDERAL ASSOCIATION of SILVIS, IL was closed on 1990-05-25. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to METROBANK (EAST MOLINE, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2781
- FDIC Certificate
- 31938
- FDIC FIN
- 7217
- Bank name
- BANK USA, FEDERAL ASSOCIATION
- Location
- SILVIS, IL
- Failure date
- 1990-05-25
- FDIC resolution date
- 1990-11-09
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $-0M
- Deposits at failure
- $21M
- Assets at failure
- $23M
- Acquiring bank
- METROBANK (EAST MOLINE, IL)