Bank failure · IL
Fidelity Savings Bank (Danville, IL) — failed February 16, 1990
Fidelity Savings Bank of Danville, Illinois was closed on February 16, 1990 and resolved through a purchase and assumption. First Midwest Bank (IL) took over its insured deposits. At failure it held $16.3M in assets and $16.5M in deposits. The FDIC's estimated loss on the failure is $1.1M (6.6% of assets).
- Closing date
- February 16, 1990
- FDIC certificate #
- 28829
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Midwest Bank
- Insurance fund
- RTC
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