FIRST FS&LA OF FREEPORT Failed 1985
What happened
FIRST FS&LA OF FREEPORT of FREEPORT, IL was closed on 1985-05-28. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to HOME FS&LA OF ROCKFORD (ROCKFORD, IL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 996
- FDIC Certificate
- 29052
- FDIC FIN
- 1721
- Bank name
- FIRST FS&LA OF FREEPORT
- Location
- FREEPORT, IL
- Failure date
- 1985-05-28
- FDIC resolution date
- 1988-01-27
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $14M
- Deposits at failure
- $46M
- Assets at failure
- $63M
- Acquiring bank
- HOME FS&LA OF ROCKFORD (ROCKFORD, IL)
Other banks HOME FS&LA OF ROCKFORD acquired in FDIC resolutions