Bank failure · IL
Chillicothe Fed. S & L Assoc. (Chillicothe, IL) — failed March 16, 1989
Chillicothe Fed. S & L Assoc. of Chillicothe, Illinois was closed on March 16, 1989 and resolved through a purchase and assumption. Southside Trust & Sb of Peo (IL) took over its insured deposits. At failure it held $51.0M in assets and $53.9M in deposits. The FDIC's estimated loss on the failure is $4.4M (8.6% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 29413
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Southside Trust & Sb of Peo
- Insurance fund
- RTC
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