Bank failure · IL
Crest Federal S & L (Kankakee, IL) — failed November 9, 1989
Crest Federal S & L of Kankakee, Illinois was closed on November 9, 1989 and resolved through a insured deposit transfer. Branch Sale (NA) took over its insured deposits. At failure it held $137.1M in assets and $133.2M in deposits. The FDIC's estimated loss on the failure is $22.4M (16.3% of assets).
- Closing date
- November 9, 1989
- FDIC certificate #
- 30909
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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