AMERICAN SA OF MT. CARMEL Failed 1990
What happened
AMERICAN SA OF MT. CARMEL of MT. CARMEL, IL was closed on 1990-08-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNION FSB (EVANSVILLE, IN). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2871
- FDIC Certificate
- 29826
- FDIC FIN
- 7305
- Bank name
- AMERICAN SA OF MT. CARMEL
- Location
- MT. CARMEL, IL
- Failure date
- 1990-08-10
- FDIC resolution date
- 1991-06-07
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $2M
- Deposits at failure
- $12M
- Assets at failure
- $12M
- Acquiring bank
- UNION FSB (EVANSVILLE, IN)