# HOME FEDERAL BANK FOR SAVINGS

> **Failed bank** · WAUKEGAN, IL · failed 1990-12-14 · SL · FDIC cost $20M

## What happened

HOME FEDERAL BANK FOR SAVINGS of WAUKEGAN, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $20M
- **Deposits at failure:** $196M
- **Assets at failure:** $348M
- **Acquiring bank:** FIRST OF AMER. BK-N.E. IL, (LIBERTYVILLE, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HOME%20FEDERAL%20BANK%20FOR%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HOME FEDERAL BANK FOR SAVINGS (FDIC ID 2974), failed 1990-12-14. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2974.

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