Bank failure · IL
Amerimac Savings Bank, Fs (Hillsboro, IL) — failed June 29, 1989
Amerimac Savings Bank, Fs of Hillsboro, Illinois was closed on June 29, 1989 and resolved through a insured deposit transfer. Security Sb, FSB (IL) took over its insured deposits. At failure it held $29.6M in assets and $25.3M in deposits. The FDIC's estimated loss on the failure is $8.0M (27.0% of assets).
- Closing date
- June 29, 1989
- FDIC certificate #
- 31326
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Security Sb, FSB
- Insurance fund
- RTC
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