Bank failure · IL
Arlington Heights Savings Assoc. (Arlington Heights, IL) — failed December 7, 1989
Arlington Heights Savings Assoc. of Arlington Heights, Illinois was closed on December 7, 1989 and resolved through a purchase and assumption. Citibank FSB (IL) took over its insured deposits. At failure it held $509.1M in assets and $400.7M in deposits. The FDIC's estimated loss on the failure is $15K (0.0% of assets).
- Closing date
- December 7, 1989
- FDIC certificate #
- 30624
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Citibank FSB
- Insurance fund
- RTC
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