Bank failure · IL

Community Federal Savings Bank (East Moline, IL) — failed February 23, 1990

Community Federal Savings Bank of East Moline, Illinois was closed on February 23, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $112.0M in assets and $114.2M in deposits. The FDIC's estimated loss on the failure is $3.0M (2.7% of assets).