COOPERATIVE FSB Failed 1991
What happened
COOPERATIVE FSB of WESTMONT, IL was closed on 1991-07-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HERITAGE GLENWOOD BANK (GLENWOOD, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3146
- FDIC Certificate
- 30545
- FDIC FIN
- 2150
- Bank name
- COOPERATIVE FSB
- Location
- WESTMONT, IL
- Failure date
- 1991-07-19
- FDIC resolution date
- 1991-12-13
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $0M
- Deposits at failure
- $47M
- Assets at failure
- $75M
- Acquiring bank
- HERITAGE GLENWOOD BANK (GLENWOOD, IL)