FIRST FSA OF TUSCOLA Failed 1990
What happened
FIRST FSA OF TUSCOLA of TUSCOLA, IL was closed on 1990-08-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST NB OF ARCOLA (ARCOLA, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2876
- FDIC Certificate
- 29297
- FDIC FIN
- 7313
- Bank name
- FIRST FSA OF TUSCOLA
- Location
- TUSCOLA, IL
- Failure date
- 1990-08-17
- 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
- $23M
- Assets at failure
- $23M
- Acquiring bank
- FIRST NB OF ARCOLA (ARCOLA, IL)