# FIRST FSA OF TUSCOLA

> **Failed bank** · TUSCOLA, IL · failed 1990-08-17 · SL · FDIC cost $2M

## What happened

FIRST FSA OF TUSCOLA of TUSCOLA, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $2M
- **Deposits at failure:** $23M
- **Assets at failure:** $23M
- **Acquiring bank:** FIRST NB OF ARCOLA (ARCOLA, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20FSA%20OF%20TUSCOLA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST FSA OF TUSCOLA (FDIC ID 2876), failed 1990-08-17. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2876.

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