FIRST SAVINGS OF ZION Failed 1991
What happened
FIRST SAVINGS OF ZION of ZION, IL was closed on 1991-04-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to ADVANTAGE BANK (KENOSHA, WI). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3062
- FDIC Certificate
- 30361
- FDIC FIN
- 2144
- Bank name
- FIRST SAVINGS OF ZION
- Location
- ZION, IL
- Failure date
- 1991-04-05
- FDIC resolution date
- 1991-11-01
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $6M
- Deposits at failure
- $61M
- Assets at failure
- $63M
- Acquiring bank
- ADVANTAGE BANK (KENOSHA, WI)