# COOPERATIVE FSB

> **Failed bank** · WESTMONT, IL · failed 1991-07-19 · SL · FDIC cost $0M

## What happened

COOPERATIVE FSB of WESTMONT, IL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $47M
- **Assets at failure:** $75M
- **Acquiring bank:** HERITAGE GLENWOOD BANK (GLENWOOD, IL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=COOPERATIVE%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, COOPERATIVE FSB (FDIC ID 3146), failed 1991-07-19. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3146.

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