Bank failure · IL

First Fsa of Tuscola (Tuscola, IL) — failed August 17, 1990

First Fsa of Tuscola of Tuscola, Illinois was closed on August 17, 1990 and resolved through a purchase and assumption. First Nb of Arcola (IL) took over its insured deposits. At failure it held $23.2M in assets and $23.4M in deposits. The FDIC's estimated loss on the failure is $2.0M (8.6% of assets).