Bank failure · IL
Bank USA, Federal Association (Silvis, IL) — failed May 25, 1990
Bank USA, Federal Association of Silvis, Illinois was closed on May 25, 1990 and resolved through a insured deposit transfer. Metrobank (IL) took over its insured deposits. At failure it held $22.9M in assets and $20.9M in deposits. The FDIC's estimated loss on the failure is −$433K (-1.9% of assets).
- Closing date
- May 25, 1990
- FDIC certificate #
- 31938
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Metrobank
- Insurance fund
- RTC
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