HOME FEDERAL BANK FOR SAVINGS Failed 1990
What happened
HOME FEDERAL BANK FOR SAVINGS of WAUKEGAN, IL was closed on 1990-12-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST OF AMER. BK-N.E. IL, (LIBERTYVILLE, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2974
- FDIC Certificate
- 31137
- FDIC FIN
- 7446
- Bank name
- HOME FEDERAL BANK FOR SAVINGS
- Location
- WAUKEGAN, IL
- Failure date
- 1990-12-14
- FDIC resolution date
- 1991-09-13
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $20M
- Deposits at failure
- $196M
- Assets at failure
- $348M
- Acquiring bank
- FIRST OF AMER. BK-N.E. IL, (LIBERTYVILLE, IL)