HOMETOWN FSA Failed 1990
What happened
HOMETOWN FSA of WINFIELD, IL was closed on 1990-08-03. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to IRVING BANK (CHICAGO, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2865
- FDIC Certificate
- 30312
- FDIC FIN
- 7301
- Bank name
- HOMETOWN FSA
- Location
- WINFIELD, IL
- Failure date
- 1990-08-03
- FDIC resolution date
- 1991-05-31
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $39M
- Assets at failure
- $46M
- Acquiring bank
- IRVING BANK (CHICAGO, IL)