Bank failure · IL
Black Hawk S & L Assoc. (Rock Island, IL) — failed August 17, 1989
Black Hawk S & L Assoc. of Rock Island, Illinois was closed on August 17, 1989 and resolved through a purchase and assumption. American Bank of Rock Islan (IL) took over its insured deposits. At failure it held $71.8M in assets and $68.3M in deposits. The FDIC's estimated loss on the failure is $1.8M (2.5% of assets).
- Closing date
- August 17, 1989
- FDIC certificate #
- 29194
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American Bank of Rock Islan
- Insurance fund
- RTC
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